The Ohio Wholesale Agreement is a contractual agreement established between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP. This agreement outlines the terms and conditions for the wholesale distribution of insurance and financial products in the state of Ohio. Under this agreement, Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP work closely together to promote and distribute a wide range of products and services to clients in Ohio. These entities collaborate to ensure the efficient and effective delivery of insurance policies, annuities, and other financial instruments to the residents of this state. The Ohio Wholesale Agreement offers various types, tailored to meet the specific needs of different client segments. Some examples of these agreement types include: 1. Wholesale Distribution Agreement: This type of agreement focuses on the wholesale distribution of insurance and financial products offered by Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP. It establishes the roles, responsibilities, and compensation structure for each party involved in the distribution process. 2. Exclusive Partnership Agreement: This agreement entails a strategic alliance between the parties involved, allowing for exclusive wholesale distribution rights in Ohio. It may involve additional incentives, marketing support, and collaboration on sales and promotional initiatives to maximize market penetration. 3. Renewal Agreement: This agreement addresses the continuation of the Ohio Wholesale Agreement after its initial term expires. It outlines the terms for renewal, including any modifications, extensions, or renegotiation that may be required to adapt to changing market conditions or regulatory requirements. 4. Territory Expansion Agreement: In cases where Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., or Delaware Distributors, LP intend to expand their wholesale distribution networks in Ohio, a territory expansion agreement is utilized. This agreement establishes the terms and conditions for entering new markets or extending distribution services to previously untapped regions within the state. The Ohio Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP is a comprehensive and flexible framework that enables the successful wholesale distribution of insurance and financial products in Ohio. It ensures that clients have access to a diverse range of products while allowing these entities to collaborate and streamline operations to best serve their customers.
Ohio Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp. and Delaware Distributors, LP
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FAQ
Lincoln Life is wholly owned by Lincoln National Corporation (LNC), a publicly held insurance and financial services holding company incorporated in Indiana.
Lincoln Level Advantage® is a long-term investment product that offers tax-deferred growth, access to a lifetime income stream and death benefit protection.
The Lincoln National Life Insurance Company Rating (Rating Category):A (Excellent)Outlook (or Implication):StableAction:DowngradedEffective Date:November 09, 2022Initial Rating Date:June 30, 1928
People looking for term life insurance may find Lincoln Financial Group as their company of choice, but its low J.D. Power scores may mean its customer service is lacking. People who can get coverage through their employer or who want term life coverage may consider Lincoln Financial Group.
Lincoln Financial Group (NYSE: LNC), has been recognized by Newsweek as one of the Most Trustworthy Companies for the second year in a row. Lincoln Financial is ranked among 59 Financial Services and Investment companies, and 1,000 total honorees in 21 countries and across 23 industries.
People looking for term life insurance may find Lincoln Financial Group as their company of choice, but its low J.D. Power scores may mean its customer service is lacking. People who can get coverage through their employer or who want term life coverage may consider Lincoln Financial Group.
Lincoln Financial Group is headquartered in Strafford, Radnor Financial Center, 150 N Radnor Chester Rd, United States, and has 21 office locations.
You may also speak with a Customer Care Professional by calling 800-487-1485 or emailing us at CustServSupportTeam@LFG.com. How do I make a payment?