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Lincoln Financial Group and Humana Announce Distribution Partnership
Date : 12/01/2010 @ 9:00AM
Source : PR Newswire
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: Humana (HUM)
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Lincoln Financial Group and Humana Announce Distribution Partnership
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Today : Wednesday 1 December 2010
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Lincoln Financial Group and Humana Announce Distribution Partnership New Distribution Channel for Lincoln as 2,000 Humana Agents Will Offer Lincoln Fixed-Indexed Annuities and MoneyGuard LTC Solutions

PR Newswire

PHILADELPHIA, Dec. 1, 2010

PHILADELPHIA, Dec. 1, 2010 /PRNewswire-FirstCall/ --Lincoln Financial Group (NYSE: LNC), a leader in retirement-income solutions, and Humana Inc. (NYSE: HUM), one of the nation's largest publicly traded health and supplemental benefits companies, announced today that they have formed a distribution partnership enabling 2,000 Humana agents to offer Lincoln's fixed- indexed annuities and Lincoln MoneyGuard long-term care solution to current Humana members and non-members.

"Lincoln has a long history of successful partnerships with market leaders like Humana to address retirement income security and protection needs," said Anthony Brown, SVP Head of Business Development. "With current economic conditions
, people are looking more than ever for guarantees in retirement, and Lincoln is pleased to offer these solutions through Humana," he said.

Under terms of the agreement, effective immediately, Humana will expand the suite of products offered by the company's MarketPOINT agents to include supplemental retirement solutions: Lincoln's well-regarded Lincoln New Directions® and Lincoln MoneyGuard® Reserve. Together, these products are designed to protect income and ensure income distribution during retirement years, as well as mitigate the potential financial impact of illness requiring long-term care.

"We are pleased to work with Lincoln Financial Group in this alliance to help people plan for their retirement," said Patrick O'Toole, Vice President of Humana's MarketPOINT organization. "Our partnership with Lincoln enables us to expand what we currently offer Humana members and non-members. We chose Lincoln as a partner because they have a long history – more than a century – of experience in providing quality life insurance and retirement solutions."