Lincoln Pivots Toward Variable Annuity Sales: Earnings
August 12, 2020 by Allison Bell
Lincoln Financial shifted during the second quarter more toward selling variable annuities that give it flexibility, and away from selling contracts with built-in account value protection.
The Radnor, Pennsylvania-based company — which is officially known as Lincoln National Corp. — said variable annuity sales fell just 6% between the second quarter of 2019 and the latest quarter, in spite of the effects of the COVID-19 social distancing rules and investment market turmoil.
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Originally Posted at ThinkAdvisor on August 6, 2020 by Allison Bell.
Categories: Industry Articles