If you have a 401(k), life insurance, or an annuity, there's a good chance a company like Lincoln Financial is managing part of your financial future. But a recent change in their business strategy reveals how even these giants must adapt to stay competitive.
Lincoln Financial is trending because they're making a significant shift in their business model, selling off a major portion of their life insurance segment.
This move, announced in late 2023, is a strategic pivot to focus on less capital-intensive areas.