Lincoln National Corporation LNC recently introduced Lincoln PathBuilder Income powered by YourPath in a bid to insert the assured monthly lifetime income feature within YourPath target-date portfolios.
The solution utilizes automatic plan design features comprising qualified default investment alternatives (QDIAs), automatic enrollment and automatic deferral. Consequently, the “auto income” feature will be linked with one’s target-date portfolio as a result of which retirement plan participants will obtain a secure source of income on retirement.
A target-date portfolio is selected after taking into consideration the expected retirement date. Activation of Lincoln PathBuilder Income is expected to shield the target-date portfolio balance from […]
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