LNC Profile
Lincoln National Corporation operates as a prominent player in the insurance and retirement sectors within the United States, leveraging its subsidiaries to offer a comprehensive range of financial products and services. Organized into four distinct segments, the company's operations encompass Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment specializes in fixed, variable, and indexed variable annuities, catering to diverse investor needs and preferences.
The Retirement Plan Services segment focuses on delivering retirement plan solutions to employers across the defined contribution retirement plan marketplace. It provides a spectrum of offerings including individual and group variable annuities, group fixed annuities, and mutual fund-based programs. Additionally, this segment offers essential plan services such as recordkeeping, compliance testing, participant education, and trust and custodial services.
In the realm of Life Insurance, Lincoln National Corporation offers a robust portfolio of life insurance products designed to meet various coverage needs. These include term insurance, universal life insurance in single and survivorship versions, variable universal life insurance, indexed universal life insurance, and additional riders for critical illness and long-term care.
The Group Protection segment rounds out the company's offerings by providing non-medical insurance products tailored for group benefits. These encompass short and long-term disability coverage, statutory disability and paid family medical leave administration, absence management services, as well as term life, dental, vision, accident, and critical illness benefits. Lincoln National Corporation markets its comprehensive suite of products through a wide network of consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries, ensuring broad accessibility and customer reach. Founded in 1905 and headquartered in Radnor, Pennsylvania, the company continues to uphold its legacy of financial security and customer-centric service in the insurance and retirement sectors.
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