RADNOR, Pa., May 20, 2013 /PRNewswire/ -- Lincoln Financial Group (NYSE: LNC) today introduced several new investment options for its variable annuity product lines. These new options further expand Lincoln's investment choices for advisors who prefer to work with clients in constructing a customized portfolio. The new investment options, which seek to reduce exposure to market risks, include seven new options for Lincoln ChoicePlus AssuranceSM products and four new options for American Legacy® products. "Advisors are focused on creating better outcomes for their clients, that's why Lincoln remains committed to providing choice and control in its investment lineup," said Daniel Hayes, Vice President, Funds Management, Lincoln Financial Group. "The expansion of our risk-managed fund options enables advisors to do what they do best, which is provide guidance for their clients, keep them focused on long-term goals and help them maximize their retirement income." The new options for ChoicePlus AssuranceSM invest in underlying funds that are managed by several well-known asset managers, including BlackRock, Dimensional, Fidelity, MFS and SSgA. The new American Legacy® funds now allow advisors and their clients to build their own portfolio with Lincoln's primary living benefit riders. These selections can be combined with a fixed income option, in accordance with Lincoln's investment guidelines, to create a diversified portfolio. The ChoicePlus AssuranceSM and American Legacy® risk-managed fund lineups are made up of asset allocation options, as well as individual asset class options, including large, mid and small-cap funds, as well as domestic and international market exposure. All of the new funds are now available to Lincoln's national network of distribution partners. DisclosuresTHE AMERICAN FUNDS MANAGED RISK FUNDS, LVIP AMERICAN PROTECTED ALLOCATION FUNDS, LVIP PROTECTED PROFILE FUNDS, AND LVIP RISK PORTFOLIO MANAGEMENT FUNDS ARE NOT GUARANTEED OR INSURED BY LINCOLN OR ANY OTHER INSURANCE COMPANY OR ENTITY, AND SHAREHOLDERS MAY EXPERIENCE LOSSES. THE STRATEGIES USED BY THESE FUNDS ARE SEPARATE AND DISTINCT FROM ANY ANNUITY OR INSURANCE CONTRACT RIDER OR FEATURES. Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. Variable annuities contain both investment and insurance components and have fees and charges, including mortality and expense, administrative, and advisory fees. Optional features are available for an additional charge. The annuity's value fluctuates with the market value of the underlying investment options, and all assets accumulate tax-deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.