PHILADELPHIA, Sept. 10 /PRNewswire-FirstCall/ -- Lincoln Employer Markets, a division of Lincoln Financial Group, today announced that it has been added to Morgan Stanley's approved list of 401(k) providers. Morgan Stanley will now offer the Lincoln American Legacy Retirement(SM) product, a multi-manager group variable annuity that features 20 investment options managed by American Funds. The Lincoln American Legacy Retirement(SM) product will be marketed through approximately 8,000 Morgan Stanley financial advisors. Lincoln Employer Markets is focused on addressing the retirement income security needs of employers and their employees through retirement plans, group insurance and executive benefits.
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"We are very excited that Morgan Stanley is offering the Lincoln American Legacy Retirement(SM) product," said Don Roberson, senior vice president of Distribution for Lincoln Employer Markets. "The powerful combination of Morgan Stanley's reputation for success and Lincoln's expertise in the retirement income space provides a strong option for both employers and their employees."
Based on the strength of Lincoln Financial Group's relationship with American Funds and its reputation as one of the oldest and most respected mutual fund families in the United States, the Lincoln American Legacy Retirement(SM) product enables employers to offer their employees a flexible and powerful investment tool for retirement. In addition to 20 investment options managed by American Funds, the product's 51 fund offering includes the ability to choose from a variety of asset managers including Delaware Investments, AllianceBernstein, Baron Funds, Fidelity Investments, Franklin Templeton Investments, MFS Investment Management, and Neuberger Berman. The program also includes the Lincoln VIP Profile lifestyle and target date funds, offering risk-based and time-based portfolio funds of funds, managed by Wilshire Associates.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.
Lincoln American Legacy Retirement group variable annuity is a contract issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, on policy form #19476 (and variations thereof) and is offered by broker/dealers with selling agreements. The Lincoln National Life Insurance Company is not authorized, and does not solicit business in the state of New York.
For contracts issued in New York, Lincoln American Legacy Retirement group variable annuity contract is issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, on policy form #19476-A 7/04 and is offered by broker/dealers who have selling agreements.
The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York are separately responsible for their own financial and contractual obligations.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. With headquarters in Philadelphia, the companies of Lincoln Financial Group had assets under management of $245 billion as of June 30, 2007. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; savings plans; mutual funds; managed accounts; institutional investments; and comprehensive financial planning and advisory services. Affiliates also include: Delaware Investments, the marketing name for Delaware Management Holdings, Inc. and its subsidiaries; Lincoln Financial Media, which owns and operates three television stations, 18 radio stations, and the Lincoln Financial Sports production and syndication business; and Lincoln UK. For more information please visit http://www.lfg.com/ .
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