This story originally appeared on Zack
Lincoln National Society LNC announced the launch of a website for pension plan members to help plan members plan for retirement income. The new mobile-responsive layout offers a seamless digital experience, allowing transparency for people wishing to plan their retirement income goals.
Now people can access a wealth of information and streamlined plan transactions to meet changing market needs. According to Lincoln National’s 2021 Retirement Power study, about eight of 10 U.S. workers have given serious thought to retirement and funding plans due to the COVID-19 pandemic. The pandemic has taken a toll on personal finances and made people think about their careers and savings as well as their retirement plans.
This new feature provides the perfect set of digital tools and functionality, motivating participants to track their accounts and take action as needed. Some new features on the participant site are a digital calculator that allows individuals to project their retirement income, easy-to-understand investment graphs to show where their money is going, and more. Another feature is My Next Steps which tells participants what moves they need to do to better prepare for retirement.
According to a study, 90% of full-time employees in the United States said that financial balance was one of the main causes of their stress. This new initiative provides access to financial wellness tools that will help participants in more than one way.
This is not the first time that the player currently Zacks Rank # 3 (Hold) has taken initiatives to meet the retirement conditions. You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.
Last year, LNC launched Advisor Managed Accounts, a solution to complement its existing portfolio of personalized asset allocation products. It also introduced a defined contribution solution named Income America 5ForLife to provide guaranteed monthly retirement income to its plan members.
Additionally, Lincoln National launched several retirement solutions in 2020, ranging from the next generation Lincoln AssetEdge (VUL) variable universal life insurance to a multi-manager solution to help small business owners make critical retirement decisions. investment and retirement.
In addition to helping pension plan members meet their retirement goals, LNC has the potential to improve operational efficiency with the subsequent unveiling of solutions.
These efforts have escalated further amid the ongoing COVID-19 pandemic that has led to financial insecurities around the world. Markets have remained volatile since the start of the epidemic, which has increased the need to provide protection for Americans’ savings. Plus, an aging United States
population and the increase in the number of people reaching retirement age underlines the urgency of improved retirement plans.
In addition, the dynamism of LNC’s life business, the revival of group provident insurance and acquisitions should drive growth.
Lincoln National shares jumped 41.2% in one year from the industry7.6% decrease.
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Actions to consider
Some of the best-ranked actions in the field of insurance are Fidelity National Financial Group, Inc. FNF, Berkshire HathawaYes (BRK.B) and Branded financial services ROOM.
Fidelity National is one of the largest title insurance companies in the country through its title insurance underwriters. FNT has managed to deliver a surprise of 38.2% on average over the last four quarters.
Berkshire Hathaway has more than 90 subsidiaries in the insurance, rail, utility, manufacturing, retail and residential construction industries. BRK.B’s profits have managed to beat estimates in two of its last four quarters (missing the mark in the other two), with the average beat being 5.5%.
Hallmark Financial and its wholly owned subsidiaries are engaged in the sale of P&C insurance products. HALL’s bottom line has managed to beat estimates in two of the past four quarters (missing the mark in the other two), with the average beat being 53.6%.
FNF, HALL and BRK.B shares gained 36.1%, 33.8% and 37.1% respectively over the past year.
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