Lincoln Financial Group has introduced Lincoln Variable Insurance Product (LVIP) American Allocation Funds, a fund-of-funds investment option available through their American Legacy suite of variable annuity products.

Lincoln Financial claims that LVIP American Allocation Funds will offer investors three important benefits to help protect them against market volatility, including: a broad reach of investment options; market responsiveness through on-going oversight; and the flexibility to meet changing investment needs through fund rebalancing and repositioning.

Managed by Lincoln Investment Advisors, a wholly owned subsidiary of Lincoln National, and in consultation with Wilshire Associates, the LVIP American Allocation Funds invest in American Funds Insurance Series (AFIS) and other select American Funds retail mutual funds, providing investors with a choice of three variable product investment models designed for contract holders with selected investment goals and risk tolerance levels.

Each model – Growth, Balanced and Income – offers a unique asset allocation and underlying American Funds fund selection consistent with its investment strategy, enabling investors to diversify with confidence and convenience.

Lincoln Financial Group head of funds management, retirement solutions Dan Hayes said that the introduction of LVIP American Allocation Funds represents Lincoln Financial and American Funds’ continued commitment to enhancing the American Legacy offering to help investors achieve confidence in their long-term investments through flexibility and diversification.