Lincoln Financial Group has introduced a new retirement solution, the Lincoln GrowSmart fixed annuity, with its single-purchase payment product offered through its broker dealer distribution.

The fixed annuity is designed to secure clients’ financial futures by offering guaranteed tax deferred growth without market risk, flexibility of multiple interest rate guarantee periods, emergency access to assets and the protection of a guaranteed death benefit for clients’ beneficiaries, said the Radnor, Pa.-based company.