Lincoln Slammed With Volatility-Index Suit as Litigation Threat Grows
April 6, 2023 by Cyril Tuohy
A new lawsuit alleges that agents were too aggressive in selling a Fidelity index, which underperformed expectations in 2020.
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Article excerpt: Volatility indexes command a large share of the market for fixed-indexed annuities. In the fourth quarter, 43.3% of premiums for the products were tied to the performance of the Standard & Poor’s 500 Index, with hybrid indexes a close second, at 37.9%, according to Wink’s Sales & Market Report. The hybrid category includes volatility-control indexes.
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