Lincoln Financial Group has introduced a new annuity, the Lincoln Level Advantage indexed annuity.
The Radnor, Pennsylvania-based company has filed the product as a variable annuity.
(Related: Lincoln Annuity Sales Rise for First Time Since 2013)
The product index menu includes the S&P 500, Russell 2000, MSCI EAFE Index and Lincoln’s Capital Strength Index.
A purchaser can also choose from a menu of several different contract terms, including a one-year term option and a six-year term option.