Trumpets (Credit: Thinkstock)

Lincoln Financial Group has added two annuities aimed at fee-based advisors.

The Radnor, Pennsylvania-based company has started selling the Lincoln Insured Income Advisory annuity and the Lincoln Deferred Income Solutions Advisory annuity.

The Lincoln Insured Income Advisory annuity is a single-premium immediate annuity, or SPIA.

The Lincoln Deferred Income Solutions Advisory annuity is a deferred income annuity contract.

Neither product pays a commission. Both products are aimed at fee-only advisors.

Lincoln notes that it recently developed new process for handling the asset-based fees that flow to fee-based advisors from fee-based individual annuities held outside of retirement accounts. In August, the Internal Revenue Service ruled that issuers of fee-based annuities could exclude asset-based investment advisory fees from the customer’s taxable income.

(Related: IRS Rules for Nationwide and Lincoln on Annuity Advisory Fees)

Lincoln is writing the two new annuities through The Lincoln National Life Insurance Company and distributing the annuities through a broker-dealer arm, Lincoln Financial Distributors Inc.

Lincoln has also introduced a number of other annuities aimed at fee-based advisors, including variable annuities and indexed annuities regulated outside the variable product framework.

The company offers the products to registered investment advisors through a website section aimed at RIAs.

— Read Lincoln Financial Adds Indexed Annuity, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on FacebookLinkedIn and Twitter.