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Your retirement income made simple

American Legacy® Target Date Income variable annuity

How it works

Select a profile to see how American Legacy®​ Target Date Income simplifies retirement income planning with a powerful combination of target date investing and protected lifetime payments.

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It’s important to know your investing style, risk profile, time frame and goals. Talk with your financial professional to create a plan that works best for you. 

Target date series from an industry leader

  • American Legacy Target Date Income is the only variable annuity to offer access to the American Funds Insurance Series® — Target Date Series.
  • It’s designed to help you simplify managing your investment while giving you access to highly regarded funds.

 

Take a closer look at the funds with the core fund guide (PDF) .

 

A Highly regarded fund family

Icon graphic for Capital Group and American Funds

Capital Group is:

•  One of the largest target date providers, with $131.4B assets
    under management.1
•  The number one fastest-growing target date fund family.2

 
A well designed glide path

Although the target date funds are managed for investors on a projected retirement date time frame, the fund’s allocation strategy does not guarantee that investors’ retirement goals will be met. Past performance is no guarantee of future results.


Distinguishing characteristics of our glide path
  • Managed for approximately 30 years past retirement so investors could feasibly use a single fund for decades.
  • Meaningful equity exposure throughout retirement to help manage the risk of outliving savings.
  • Emphasizes dividends with the intent of providing more equity exposure without increasing volatility.

American Funds investment professionals manage the target date fund’s portfolio, moving it from a more growth-oriented to a more income-oriented focus as the fund gets closer to its target date: the year that corresponds roughly to the year in which an investor is assumed to retire and begin taking withdrawals. They continue to manage each fund for approximately 30 years after it reaches its target date.

You should carefully consider the target date fund you select. Generally, investors choose a fund with the target year closest to the date they plan to retire. For example, a 45-year-old who plans to retire at age 65 might choose a target date fund with a date close to 20 years in the future. In order to provide protected lifetime income benefits, Lincoln may limit access to some funds that investors normally may have selected to match their retirement date.

The fund’s investment adviser anticipates that the funds will invest their assets within a range that deviates no more than 10% above or below these allocations. Changes in the equity allocation within the underlying equity-income and balanced funds may affect the overall equity exposure in the target date funds.

 

Chart showing diversification shift from growth to income as the consumer gets closer to retirement

Unshaded area on the glide path indicates funds available in the American Funds Insurance Series®– Target Date Series.

 

Our underlying funds have provided a strong foundation

Chart showing 89 percent outpaced their peers

RESULTS VS. PEERS

Our underlying funds have outpaced their respective Lipper peer indexes in 89% of rolling 10-year periods.3

 

Chart showing 76 percent outpaced their benchmark

RESULTS VS. BENCHMARKS

Over their lifetime, 76% of our underlying funds have outpaced their respective benchmarks.4

 


1As of 6/30/19
2Source: Morningstar. Based on 5-year assets under management compound annual growth rate, ending 6/30/19
3Based on Class R-6 share results for rolling periods through December 31, 2018. Periods covered are the shorter of the fund’s lifetime or since the inception date of the comparable Lipper index or average (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Equity funds outpaced Lipper indexes/averages in 93% of rolling periods. Fixed income funds outpaced Lipper indexes in 72% of rolling periods. Lipper source: Refinitiv.
4Based on Class R-6 share results through December 31, 2018. Fourteen out of 14 equity funds had lifetime returns that outpaced their respective benchmarks. Two out of seven fixed-income funds had lifetime returns that outpaced their respective benchmarks.

Past performance is no guarantee of future results.



Important information and disclosures