Products December 1, 2010
Lincoln and Humana Form Distribution Partnership
Lincoln Financial Group and Humana Inc. have formed a distribution
partnership enabling 2,000 Humana agents to offer Lincoln's products.
Reported by PLANADVISER staff
Lincoln’s fixed- indexed annuities and Lincoln MoneyGuard long-term care solution will be made available to current Humana members and non-members.Under terms of the agreement, effective immediately, Humana will expand the suite of products offered by the company’s MarketPOINT agents to include supplemental retirement solutions: Lincoln New Directions and Lincoln MoneyGuard Reserve. According to a press release, these products are designed to protect income and ensure income distribution during retirement years, as well as mitigate the potential financial impact of illness requiring long-term care.
“We are pleased to work with Lincoln Financial Group in this alliance to help people plan for their retirement,” said Patrick O’Toole, Vice President of Humana’s MarketPOINT organization, in the announcement. “Our partnership with Lincoln enables us to expand what we currently offer Humana members and non-members.”