Distributors Show Interest in Passive Variable Annuity

May 12, 2017 by Cyril Tuohy

A variable annuity using exchange traded funds (ETFs) and designed for fee-based advisors has found some success with distributors. That was the word from Lincoln Financial’s president and CEO Dennis R. Glass in a conversation with analysts last week.
The variable annuity, branded as “Lincoln Core Income built with iShares,” offers only passive, low-cost ETFs from asset manager BlackRock.
Lincoln announced the launch of the variable annuity in February.

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Originally Posted at InsuranceNewsNet on May 12, 2017 by Cyril Tuohy.