Lincoln National's App Gives Easy Access To Retirement Plans
Zacks Investment Research | Sep 19, 2017 10:10PM ET
Lincoln National Corp’s (NYSE:LNC) Retirement Plan Services business recently announced the launch of Lincoln Financial Mobile App compatible with Apple (NASDAQ:AAPL) Watch, available in the Apple Store. The app is dependant on wirelessly connected iPhone. It enables users to check their account balance, retirement income projection and asset allocation on their Apple Watch.
Innovation Boosts Investor Confidence
Lincoln National has always been enhancing its product lines through new product launches and existing product upgrades in order to remain competitive. These efforts are appreciated by investors, as evident from its price performance. In the last year, its shares have gained 54.1%, outperforming the industry’s rally of 27.2%.
How the App Aids Customers
With this new Apple Watch-compatible app, Lincoln National intends to make managing retired life easier for its customers. Apple Watch users will be able to conveniently keep a track of their retirement related plans, savings and other financial priorities with the help of this app. The app can be considered the latest customer experience enhancement by Lincoln National’s Retirement Plan Services, which aims to provide high-touch and high-tech service to the customers to drive better outcomes.
The Apple Watch enables Lincoln National to connect with participants and encourage them to meet their retirement goals through required actions. As a participant can easily track the income projection and make changes to their contribution accordingly, planning for retirement becomes convenient for them.
Rationale Behind the Launch
According to Lincoln National’s 2017 Retirement PowerParticipant Study, only 36% of individuals with eight or more competing priorities are contributing nearly 10% or more to their retirement plan. The company looks forward to increased participation in retirement plans with the launch of this new app.
Zacks Rank and Stocks to Consider
Lincoln National presently carries a Zacks Rank #3 (Hold).
Investors interested in the finance sector can consider better-ranked stocks like Markel Corporation (NYSE:MKL) , Credit Acceptance Corporation (NASDAQ:CACC) and Health Insurance Innovations, Inc. (NASDAQ:HIIQ) . All the stocks sport a Zacks Rank #1 (Strong Buy). You can see Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.