Indexed Universal Life policies include new
indexed accounts for cash value growth potential and market
volatility protection; latest life insurance rider helps with
long-term care expenses.
In a time when nearly half of consumers surveyed say they would
be more likely to purchase life insurance if the benefits could be
used while they’re alive1, Lincoln Financial Group is introducing
new life insurance products that focus on the ‘living benefits’ for
needs such as retirement income and long-term care in addition to
the protection life insurance provides.
“While traditional protections of life insurance are as
important as ever, consumers are increasingly interested in
policies that give them the flexibility to reap the benefits while
they’re alive,” said Stafford Thompson, Jr., head of Life Product
Management for Lincoln. “These new products add to Lincoln’s broad
selection of products to meet client-specific goals like replacing
lost income, growing and protecting their assets and helping them
plan for their retirement lifestyle and potential risks.”
Indexed Universal Life (IUL) Products
Lincoln is launching a new version of its Lincoln
WealthAccumulate® IUL policy for clients seeking death benefit
protection plus opportunities for significant cash value growth.
For clients looking for growth potential, but with longer-term,
guaranteed death benefit protection, Lincoln is launching a new
version of its Lincoln WealthPreserve® IUL offering. The new
products include several new indexed account options that help
clients balance asset growth potential while providing protection
from stock market losses and uncertainty, including, but not
limited to:
- Fidelity AIM® Dividend Indexed Account – An uncapped
account tied to a proprietary index designed for clients seeking
market upside potential with less exposure to market volatility.
The Index employs 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.
- S&P 500® Performance Trigger Indexed Account – For
those who want to know what rate they’ll earn in an up or flat
market, this account provides more predictability. If the S&P
is higher than 0%, the account credits 6.5%, but if the S&P
returns 0% or less, the account has a 0% floor protecting against
market loss2.
Long-Term Care Rider
For clients who have a primary need for death benefit protection
but are also concerned about potential long-term care (LTC)
expenses, Lincoln has introduced a new LTC Rider that clients can
add to their life insurance policy at issue for an additional cost.
The LTC Rider provides reimbursement for long-term care
expenses, including care received in a facility or in the home.
“The challenges of 2020 have raised consumers’ concerns about
market volatility, and how to plan for long-term care,” said Andy
Bucklee, head of Life & Executive Benefits Distribution for
Lincoln. “Seeking guidance from financial professionals can help
clients understand how life insurance can address these and other
concerns. Lincoln’s new products can help clients invest with
confidence to grow assets that can eventually provide important
‘living benefits.’”
With the rider, if the policy death benefit grows, so will the
long-term care benefits. The rider allows LTC benefits to be
accessed as soon as the client is deemed eligible for the benefits
to reduce out-of-pocket expenses. It also includes a Transitional
Care Assistance Benefit that helps clients with the common
long-term care transition from in-home care managed by family
members or friends to a state where professional services are
necessary.
Lincoln Concierge Care Coordination is offered as a
complimentary service to those who add the rider to their policy,
providing access to resources that help families plan for long-term
care.
The LTC Rider is now available on certain Lincoln Variable
Universal Life policies.
For more information on how life insurance can help meet your
financial planning needs, visit Lincoln’s website.
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 $281 billion in end-of-period account values as of
September 30, 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, we earned perfect
100 percent scores on the Corporate Equality Index and the
Disability Equality Index, and rank among Forbes’ World’s Best
Employers, Best Large Employers, Best Employers for Diversity, and
Best Employers for Women, and Newsweek’s Most Responsible
Companies. Learn more at: www.LincolnFinancial.com. Follow us on
Facebook, Twitter, LinkedIn, and Instagram. Sign up for email
alerts at http://newsroom.lfg.com.
- Lincoln Financial Group / Engine Insights, Life Insurance
Awareness Month Survey, July 17-19, 2020
- S&P 500 Index options are tied to the S&P 500 index,
not directly invested in excluding dividends.
Important Information:
The Fidelity AIM® Dividend Index (the “Index”) is a product of
Fidelity Product Services LLC (“FPS”) and has been licensed for use
by The Lincoln National Life Insurance Company and its affiliates
and reinsurers (“Lincoln”). Fidelity is a registered trademark of
FMR LLC. The Index is the exclusive property of FPS and is made and
compiled without regard to the needs, including, but not limited
to, the suitability needs of Lincoln or any Lincoln life insurance
owner. Lincoln exercises sole discretion in determining whether and
how the life insurance will be linked to the value of the Index.
FPS does not provide investment advice to owners of the life
insurance, and in no event shall any Lincoln life insurance policy
owner be deemed to be a client of FPS. Neither FPS nor any third
party involved in, or related to, making or compiling the Index
makes any representation regarding the Index, Index information,
Index or market performance, life insurance generally or the
Lincoln life insurance in particular, and Lincoln life insurance is
not sold, sponsored, endorsed or promoted by FPS or any other third
party involved in, or related to, making or compiling the Index
(including the Index calculation agent, as applicable). FPS
disclaims all warranties, express or implied, including all
warranties of merchantability or fitness for a particular use; does
not guarantee the adequacy, accuracy, timeliness, and/or
completeness of the Index or any data or communication related
thereto; and assumes no liability for errors, omissions, or
interruptions of the Fidelity AIM® Dividend Index.
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 and Lincoln Life & Annuity Company of New York.
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 and Lincoln
Life & Annuity Company of New York. The Lincoln National Life
Insurance Company’s and Lincoln Life & Annuity Company of New
York’s products are 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 products nor do they have any liability for any
errors, omissions, or interruptions of the S&P 500 Index.
Lincoln WealthPreserve® 2 IUL (2020) is issued on policy form
ICC20UL6091/UL6091, and state variations by The Lincoln National
Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln
Financial Distributors, Inc., a broker-dealer.
Lincoln WealthAccumulate® 2 IUL (2020) is issued on policy form
ICC20UL6092/UL6092, 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.
While indexed accounts are protected by a guaranteed minimum
interest rate, policy charges remain in effect and could reduce the
policy value.
It is possible coverage will expire when either no premiums are
paid following the initial premium, or subsequent premiums are
insufficient to continue coverage.
Products, riders, and features are subject to state
availability. Limitations and exclusions may apply. Not available
in New York. Not for use in Massachusetts.
Lincoln LTC Rider policy form ICC20LTC-7090 with Living Well
Endorsement: ICC18END-7058.
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version on businesswire.com: https://www.businesswire.com/news/home/20201116005417/en/
Lincoln Financial Group: Jay Russo 860-466-1324
jay.russo@lfg.com
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