According to the company, the new product offers a flexible source of assured lifetime income that can bring predictability to retirement portfolio or provide replacement income if required.
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It allows a client to accelerate or delay the payment start date during the deferral phase of the contract if retirement plans alter.
In addition, the client can receive the six months payment at once during the income phase which helps in expenses such as medical costs.
Lincoln Deferred Income Solutions is now available at it’s network of distribution partners across the country.
Headquartered in Philadelphia, Lincoln Financial offers annuities; life, group life, disability and dental insurance; employer-sponsored retirement plans; savings plans; and comprehensive financial planning and advisory services.
