Greater Flexibility and Growth Potential Offered by Lincoln Financial Group’s Indexed Universal Life Policy Enhancements
May 10 2021 - 9:30AM
Business Wire
IUL policies include new Fidelity indexed
account with a fixed bonus, and incorporate changes to sections
7702 and 7702A of the Internal Revenue Code
Lincoln Financial Group today announced enhancements to its
Indexed Universal Life insurance products, to provide even greater
investment flexibility and increased cash value growth potential
that can be accessed for life’s changing needs. The enhancements
include the introduction of the Fidelity AIM® Dividend Indexed
Account with a fixed bonus, and integration of changes to the
Internal Revenue Code to create greater consumer value when using
the policies as a tax-deferred accumulation solution.
“Indexed Universal Life (IUL) products offer clients the
opportunity to invest in the market with a level of protection for
those concerned with market swings,” said Stafford Thompson, Jr.,
head of Life Product Management for Lincoln. “With the new Fidelity
account and integration of the changes to the Internal Revenue
Code, our IUL products provide clients additional growth potential
and choice to help meet their long-term goals.”
Expanded Account Options
Lincoln has added a second Fidelity AIM® Dividend Indexed
Account to its Lincoln WealthAccumulate® 2 IUL (2020) policies,
designed for clients seeking death benefit protection plus
opportunities for significant cash value growth, and Lincoln
WealthPreserve® 2 IUL (2020) policies for clients looking for
growth potential, but with longer-term, guaranteed death benefit
protection. The Fidelity indexes employ a dynamic allocation
approach that blends the characteristics of high dividend stocks
with the safety of U.S. Treasuries to help deliver a steadier
investment experience over time.
With the new uncapped Fidelity account, in addition to the
return clients can earn from market performance, the fixed bonus
provides guaranteed growth regardless of whether the market is up
or down. For those concerned with market volatility, the new
account also provides a 0% floor to protect against market
loss.
“Over one’s lifetime, financial goals change so it’s important
that your life insurance coverage keeps pace,” said Andy Bucklee,
head of Life and Executive Benefits Distribution for Lincoln. “With
the enhancements to our two IUL products, financial professionals
have even more flexibility to help clients meet needs beyond a
death benefit and provide the opportunity to address planning
challenges such as taxes, market volatility and retirement
income.”
WealthAccumulate 2 customers can now chose from six indexed
accounts with different levels of growth potential and downside
protection, while WealthPreserve 2 policyholders can choose from
five accounts. Clients can select one indexed account, or a
combination, with the flexibility to make changes based on evolving
needs or market conditions.
Integration of Internal Revenue Code Changes
WealthAccumulate 2 and WealthPreserve 2 reflect changes enacted
in January to sections 7702 and 7702A of the Internal Revenue Code,
which determine whether a contract is treated as life insurance for
income tax purposes. With the integration of these changes into the
two products, policy owners can put more cash into their policy on
a tax-advantaged basis resulting in greater and more efficient
accumulation potential.
To learn more about Lincoln WealthAccumulate® 2 IUL (2020),
click here. To learn more about
Lincoln WealthPreserve® 2 IUL (2020), click
here.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help
people 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, and 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 $311 billion in end-of-period account values as of
March 31, 2021. 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, we earned perfect 100 percent scores on
the Corporate Equality Index and the Disability Equality Index, and
rank among Forbes’ Best Large Employers and Best Employers for
Women, and Newsweek’s Most Responsible Companies. Learn more at:
www.LincolnFinancial.com. Follow us on
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alerts at http://newsroom.lfg.com.
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Media Contact: Lincoln Financial Group: Jay Russo
860-466-1324 jay.russo@lfg.com
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