June 14, 2012
--- Lincoln Financial
Distributors announced itsChoicePlus Assurancevariable
annuity was added to Wells Fargo Advisors LLC’s advisory variable annuity program. ---
The program is designed to help
advisers ensure their clients are prepared for retirement using a single
account approach. Lincoln Financial
Distributors is the wholesale distribution subsidiary of Lincoln Financial
Group. A Lincoln analysis of Morningstar data shows that from 2008 to 2011,
sales of variable annuities sold through a fee-based platform increased 36%.
to investing has become more attractive due to the streamlined process for
managing a more holistic financial program that not only focuses on
accumulation but also income distribution during retirement years,” said John
Kennedy, Lincoln Financial Distributors’ head of retirement solutions distribution.
Assurance solution offers access to tax-efficient retirement income through
different optional riders to help meet specific financial needs. Options
include a choice of a multiple asset manager approach in two forms: an open
architecture that enables control over investment choices, or a set of asset-allocation
funds, designed to help reduce volatility, protect account values and maximize
income in retirement.
“Lincoln’s ChoicePlus Assurance
variable annuity provides our advisers and clients with more flexibility and
offers guaranteed options for now or in the future,” said Bernie Gacona,
director of annuities at Wells Fargo.