Primerica has agreed to expand its retirement portfolio by including additional Lincoln Financial Group's annuity products.
Representatives of Primerica will specifically recommend the Lincoln ChoicePlus Assurance variable annuity and a new proprietary fixed indexed annuity, Prime Income Optimizer, as part of their offerings, effective from 01 July.
Marking the second major launch of a Lincoln product since the companies started their partnership in 2011, the new products will enable Primerica representatives to offer an expanded range of financial solutions to better prepare their customers for retirement.
Lincoln Financial Group Distribution president Will Fuller said: "Primerica's decision to expand their array of Lincoln products will better position their representatives to help a broader base of clients protect assets and meet very specific income needs during retirement."
Both solutions provides customers with a comprehensive savings option for addressing specific retirement requirements, while offering predictability, security and potential guarantees for growth towards future income in any market.
The original partnership agreement allowed Primerica's representatives to provide Lincoln's Fixed Indexed Annuity product as part of its retirement planning portfolio.