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"Today, many employers are looking for comprehensive retirement programs that include a wide variety of investment options along with providing fiduciary services and plan support," said Cindy King, Head of Defined Contribution Products for Lincoln Financial Group. "Combining the best of both Lincoln Director(SM) and Lincoln American Legacy Retirement(SM) programs will result in a more robust, focused offering with greater efficiencies in distribution and future product enhancements, speed to market and savings that will benefit our customers."
The enhanced Lincoln Director(SM) program can be used to fund a variety of retirement plans including 401(k), 401(a), governmental 457(b) plans. Features include:
-- More than 80 investment options from top fund managers including 20 American Funds R4 share options, a Guaranteed Account and the Lincoln VIP Wilshire Target Maturity and Risk-Based Profile Funds. The Lincoln Director(SM) fund universe allows employers to offer an investment lineup that is diversified amongst asset classes, investment styles and portfolio managers. -- The Lincoln Financial Group Fiduciary Services Guarantee that supports any investment lineup offered with Lincoln Director(SM). -- The Lincoln Ibbotson Insight Series -- a fund lineup selected and monitored by Ibbotson Associates Inc. -- A sample Investment Policy statement. -- ERISA Section 404(c) support. -- An annual plan review. -- A holistic education program that emphasizes both accumulation and distribution. -- Flexible administrative services. -- Enrollment services designed to support the financial advisor.
The Lincoln Director program also includes the patented retirement income option, i4LIFE(R) Advantage rider. The i4LIFE(R) Advantage rider allows participants the ability to convert their retirement plan savings into lifetime income with an opportunity for growth. The i4LIFE(R) Advantage rider also offers the protection of a minimum payment guarantee while maintaining access to and control of assets.
"The enhanced Lincoln Director(SM) program is taking the best of both worlds and offering employers a complete retirement strategy for their employees," said King. "The new offering is one more way Lincoln Financial Group is demonstrating its focus on providing solutions to help ensure people can enjoy the years ahead."
Group variable annuity contracts are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, on contract form #19476 (and state variations thereof), distributed by Lincoln Financial Distributors, Inc.
In New York, contracts are issued by Lincoln Life & Annuity of New York, Syracuse, NY on contract form #19476NY-A.
The i4LIFE Advantage (rider forms I4LA-EMG and I4LA-EMI) is available on contracts issued by The Lincoln National Life Insurance Company only and is not available in New York.
Contractual obligations are backed by the claims paying ability of the issuing company.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC | Quote | Chart | News | PowerRating) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $221 billion as of June 30, 2008. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; savings plans; mutual funds; managed accounts; institutional investments; and comprehensive financial planning and advisory services. Affiliates also include: Delaware Investments, the marketing name for Delaware Management Holdings, Inc. and its subsidiaries; and Lincoln UK. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit http://www.LincolnFinancial.com.
About Ibbotson Associates
Ibbotson Associates is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. Founded by Professor Roger Ibbotson in 1977, Ibbotson Associates is a leading authority on asset allocation, offering managed retirement accounts, funds of funds consulting and sub-advisory work, and a variety of investment management consulting services.
SOURCE Lincoln Financial Group
http://www.LincolnFinancial.com

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