In Brief: Lincoln Financial Adds Rider to i4Life

Lincoln Financial Group has added an income-for-life rider to its variable annuity.

4Later Advantage, an optional benefit for the Philadelphia insurer's i4Life Advantage variable annuity, was announced Monday.

It gives baby boomers the opportunity to capitalize on the income growth potential of their guaranteed-income benefit. Regardless of market performance, it guarantees a 15% increase in an investor's income base with an automatic reset every three years.

Lincoln Financial had $128 billion of assets on March 31.

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