Lincoln Financial Launches Unique Fixed Indexed Annuity Option

RADNOR, PA — Lincoln Financial is expanding the reach of actively managed exchange-traded funds into the fixed indexed annuity market. The company has unveiled a new account that connects annuity returns to Capital Group’s Dividend Value ETF while offering full downside protection.

The newly introduced 1 Year Capital Group Dividend Value ETF Participation account is the first offering of its kind, providing a Capital Group ETF benchmark within a fixed indexed annuity. This option is exclusively available through Lincoln OptiBlend fixed indexed annuities, making Lincoln the only provider to directly link FIA performance to the Capital Group Dividend Value ETF, known as CGDV.

This account allows investors to benefit from the performance of CGDV, an actively managed ETF that focuses on large, established U.S. companies that pay dividends or have the potential to do so. It maintains the typical 100% downside protection found in fixed indexed annuities.

Lincoln Financial marketed this launch as a response to increasing demand for products that combine growth potential with risk mitigation. Stephen Turer, president of Annuity Solutions at Lincoln Financial, stated that the new option reflects investors’ desire for protection without sacrificing access to equity-driven returns.

Turer emphasized that by combining Capital Group’s active management with a Lincoln FIA, investors have a way to pursue outperformance while preserving their principal. This combination is becoming increasingly appealing in today’s volatile markets.

According to the companies involved, CGDV has a Morningstar Medalist Gold rating and has outperformed the S&P 500 and the majority of ETFs in the large value category since its inception. With over $19 billion in assets under management, CGDV is Capital Group’s largest active ETF.

Capital Group, noted for its American Funds, manages approximately $3 trillion in assets and has established one of the fastest-growing active ETF platforms in the industry. The firm was honored as ETF Issuer of the Year by etf.com in 2025.

Jason A. Uberti, senior manager of insurance product management at Capital Group, remarked that this initiative builds on a partnership with Lincoln that began in 1987. He mentioned that incorporating CGDV into Lincoln’s FIA lineup is part of a wider strategy to bring active management into a segment that has mostly been ruled by passive index strategies.

Lincoln noted that the new participation account aims to widen the options for annuity investors, allowing them to seek diversified equity exposure through an actively managed strategy without forgoing the principal protection that is characteristic of fixed indexed annuities.