Primerica is incorporating two additional annuity products from Lincoln Financial Group into its retirement lineup.
Beginning July 1, 2013 Primerica representatives will be able to recommend the Lincoln ChoicePlus AssuranceSM variable annuity and a new proprietary fixed indexed annuity, Prime Income OptimizerTM, as part of their offerings.
With the Lincoln ChoicePlus AssuranceSM variable annuity, Primerica representatives have the option of offering clients Lincoln’s i4LIFE® Advantage rider, a patented income distribution method which combines lifetime income, control of assets, and the potential for growth. The Prime Income OptimizerTM will offer a built-in Guaranteed Lifetime Withdrawal Benefit with a 15 year roll-up (annual enhancement to income base) that increases as a client defers taking income, according to Eric R. Samansky, a spokesman for Lincoln Financial.
This is the second major launch of a Lincoln product since the companies began their partnership in 2011, an alliance that enabled Primerica’s representatives to offer Lincoln’s Fixed Indexed Annuity product as part of a retirement planning portfolio.