Lincoln Financial Group and Capital Group are partnering to help investors prepare for income in retirement with the launch of the new American Legacy® Target Date Income variable annuity, the first-ever protected lifetime income solution with access to a target date series. This unique solution combines the features and benefits of an annuity with the simplicity and efficiency of a target date fund. Research shows that nearly two-thirds of Americans have no guaranteed source of retirement income other than Social Security, and that three out of every four Americans like the idea of purchasing an annuity with benefits that guarantees lifetime income for themselves and their families. Additionally, target date mutual fund assets currently exceed $2 trillion as investors have become more familiar with their benefits and employers make them increasingly available within retirement plans. However, target date funds alone are still exposed to market risk. By including Capital Group’s American Funds Target Date series strategy within Lincoln Financial Group’s new variable annuity solution, customers can realize the benefits of glide path investing, while also receiving protected lifetime income at a high income rate. American Legacy® Target Date Income features a simple product design, offered in both fee- and commission-based options. The target date fund invests in a mix of stocks and bonds that automatically adjust over time, becoming more conservative and tailored to the needs of the investor, not just to retirement, but through retirement. Product features include: Lincoln Financial Group’s highest amount of level protected lifetime income, 5.7% for life at age 65. Guaranteed growth for future income at a minimum of 6% each year. Higher target date fund results may allow the annuity owner to lock in an even higher amount of growth. Joint life options for when both spouses are looking for protection, and beneficiary protection even if the account goes to zero.