Screen capture from Lincoln's website (Image: Lincoln)

Lincoln Financial Group has agreed to add investment portfolios from TOPS ETF Portfolios to the investment menus for its variable annuity and variable universal life products.

Lincoln Financial will be using TOPS' TOPS Balanced ETF Portfolio and the company's TOPS Moderate Growth ETF Portfolio.

TOPS ETF Portfolios — a Valmark Financial Group LLC unit — has been managing portfolios based on exchange-traded funds since 2002. It now manages about $5 billion in assets.

Valmark is a major financial services product distributor as well as TOPS' parent. The company has been distributing Lincoln Financial life and annuity products for about 20 years.

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