Lincoln AssetEdge® VUL (2020) expands indexed account options,
providing investment flexibility for those seeking significant cash
value growth potential, asset protection and a supplemental income
strategy.
Lincoln Financial Group (NYSE: LNC) announced today that it will
launch the next generation of its Lincoln AssetEdge® Variable
Universal Life (VUL) insurance offering on June 15. As many
investors are faced with the dilemma of staying invested in the
market during a time of elevated volatility, AssetEdge VUL (2020)
features three new indexed accounts that offer policyowners more
ways to help grow their retirement savings with a level of
protection during market downturns.
“When planning for retirement, there are many considerations,
such as lifestyles, wealth transfer, and potential impacts of
market volatility, taxes and longevity – all of which are magnified
in times of economic uncertainty,” said Andy Bucklee, senior vice
president and head of Life & Executive Benefits Distribution
for Lincoln Financial Group. “Life insurance is one of the few
solutions that can help address all of these needs. By working with
a financial professional to understand the different uses of life
insurance, such as those found within the new AssetEdge, clients
can further diversify their retirement portfolios, and incorporate
new strategies for growth, protection and income.”
In a recent survey by LIMRA, financial advisors overwhelmingly
cited market volatility as the top concern they are hearing from
clients during the coronavirus pandemic1. Insurance agents cited
client questions about their current policy coverage with respect
to the virus2, underscoring the importance that clients place in
life insurance.
In addition to an income tax-free death benefit, AssetEdge
offers tax-advantaged assets that offer significant growth
potential that can be accessed later in life to supplement income
for needs such as retirement. AssetEdge includes a wide range of
investment options that can be tailored to a client’s goals for
return potential and downside protection, including:
- Four Indexed accounts tied to the performance of the S&P
500 Index, offering a range of returns and guaranteed floors to
protect against negative returns
- More than 75 market-driven variable investment options for
maximum growth potential
- Multiple risk management funds to minimize the impact in a down
market
- A Fixed account offering predictable growth with a minimum 1%
interest rate and no exposure to market risk
Clients can allocate investments across multiple options and
adjust the allocations over time to align with changing needs,
financial goals or market conditions.
“AssetEdge can help you plan for their future, while protecting
your loved ones and assets - a balancing act many are faced with
today,” said Stafford Thompson, Jr., senior vice president of Life
Product Management at Lincoln. “AssetEdge is designed to provide
the death benefit coverage your family needs today, significant
growth opportunities for tomorrow and a tax-efficient cash resource
when you retire. The new indexed accounts provide even greater
investment flexibility, control and downside protection, so you can
align your investment strategy to your financial objectives and
risk tolerance levels - from accumulation through
distribution.”
Additional AssetEdge Protection
Features
Lincoln AssetEdge VUL is available with optional enhancements to
provide access to tax-advantaged funds to use in the event of an
unexpected chronic or terminal illness or long-term care need.
Included with the base policy is a no lapse provision, which can
potentially provide lapse protection for up to 20 years.
AssetEdge for Businesses
The three new indexed accounts are also now available with the
next generation of Lincoln AssetEdge® Exec VUL, also announced
today. Lincoln AssetEdge Exec VUL is specifically designed to help
businesses fund strategies such as buy-sell planning, key person
protection, and benefit plans for recruitment and retention.
Lincoln AssetEdge VUL 2020 and Lincoln AssetEdge Exec VUL 2020
will be available to Lincoln’s national network of distribution
partners (in states where approved) on June 15.
Disclosures and Important Information
- LIMRA, Coronavirus (COVID-19): Advisor Pulse, April 1,
2020
- LIMRA, Coronavirus (COVID-19): Insurance Agent Pulse, April 23,
2020
The S&P 500 Index is a product of S&P Dow Jones Indices
LLC, a division of S&P Global, or its affiliates (“SPDJI”), and
has been licensed for use by The Lincoln National Life Insurance
Company. Standard & Poor’s® and S&P® are registered
trademarks of Standard & Poor’s Financial Services LLC, a
division of S&P Global (“S&P”); Dow Jones® is a registered
trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and
these trademarks have been licensed for use by SPDJI and
sublicensed for certain purposes by The Lincoln National Life
Insurance Company. The Lincoln National Life Insurance Company’s
product is not sponsored, endorsed, sold or promoted by SPDJI, Dow
Jones, S&P, their respective affiliates, and none of such
parties make any representation regarding the advisability of
investing in such product nor do they have any liability for any
errors, omissions, or interruptions of the S&P 500 Index.
Lincoln AssetEdge® VUL (2020) is issued on policy form
ICC20-VUL688/20-VUL688 and state variations by The Lincoln National
Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln
Financial Distributors, Inc., a broker-dealer. The Lincoln
National Life Insurance Company does not solicit business in the
state of New York, nor is it authorized to do so.
All guarantees and benefits of the insurance policy are
subject to the claims-paying ability of the issuing insurance
company. They are not backed by the broker-dealer and/or
insurance agency selling the policy, or any affiliates of those
entities other than the issuing company affiliates, and none makes
any representations or guarantees regarding the claims-paying
ability of the issuer.
Lincoln variable universal life insurance is sold by
prospectuses. Carefully consider the investment objectives, risks,
and charges and expenses of the policy and its underlying
investment options. This and other important information can be
found in the prospectus for the variable universal life policy and
the prospectus for the underlying investment options. Prospectuses
are available upon request and should be read carefully before
investing or sending money. For current prospectuses, please call
800-444-2363 or go to www.LincolnFinancial.com.
Policy values will fluctuate and are subject to market risk and
to possible loss of principal. Products and features are subject to
availability. Limitations and exclusions may apply.
Distributions are taken through loans and withdrawals, which
reduce a policy’s cash surrender value and death benefit and may
cause the policy to lapse. Loans are not considered income and are
tax-free. Withdrawals and surrenders are tax-free up to the cost
basis, provided the policy is not a modified endowment contract
(MEC). It is possible coverage will expire when either no premiums
are paid following the initial premium, or subsequent premiums are
insufficient to continue coverage.
With any VUL product, certain fees and costs are involved,
including monthly cost of insurance, administrative expense and
premium load charges, as well as daily charges on assets invested
in the variable subaccounts for mortality and expense risk, and
asset management fees. Please consult the prospectus or ask your
financial professional for more detailed information.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help
empower people to take charge of their financial lives with
confidence and optimism. Today, more than 17 million customers
trust our retirement, insurance and wealth protection expertise to
help address their lifestyle, savings and income goals, as well as
to guard against long-term care expenses. Headquartered in Radnor,
Pennsylvania, Lincoln Financial Group is the marketing name for
Lincoln National Corporation (NYSE:LNC) and its affiliates. The
company had $247 billion in end-of-period account values as of
March 31, 2020. Lincoln Financial Group is a committed corporate
citizen included on major sustainability indices including the Dow
Jones Sustainability Index North America and FTSE4Good. Dedicated
to diversity and inclusion, Lincoln earned perfect 100 percent
scores on the Corporate Equality Index and the Disability Equality
Index. Lincoln has also been recognized in Newsweek’s Most
Responsible Companies and is among Forbes’ World’s Best Employers,
Best Large Employers, Best Employers for Diversity, Best Employers
for Women and ranked on the JUST 100 list. Learn more at:
www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn,
and Instagram. Sign up for email alerts at
http://newsroom.lfg.com.
LCN: 3115579-060520
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version on businesswire.com: https://www.businesswire.com/news/home/20200608005366/en/
Jay Russo Lincoln Financial Group 860-466-1324 E-mail:
jay.russo@lfg.com
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