Lincoln Financial Group Offers Faster Route From Planning to Protection With New, Fully Automated Life Product
January 24 2023 - 10:00AM
Lincoln WealthAccelerate SM is an indexed
universal life product with a streamlined, electronic process from
application to policy management.
Lincoln Financial Group (NYSE: LNC) continues to advance the
life insurance business model while improving the customer
experience with the introduction of Lincoln WealthAccelerateSM, an
indexed universal life (IUL) product offering a fully digital and
automated experience to consumers.
As the world becomes more digitally focused, consumers expect
ease and accessibility from their financial products. Lincoln
WealthAccelerateSM meets those changing consumer expectations
through a streamlined product with the advantages of indexed
universal life insurance – access to a cash value component in
addition to a death benefit – and the ease of a fully electronic
process guided by an experienced financial professional.
“Today’s life insurance customer is changing – they’re digitally
savvy, expect faster and simpler processes and want flexibility,”
said Matt Grove, executive vice president and president, Retail
Solutions, Lincoln Financial Group. “WealthAccelerateSM meets their
expectations by offering a more streamlined and convenient
experience and helping them and their families feel more confident
through all of life’s changes.”
WealthAccelerateSM is available to customers ages 20 to 55 with
protection needs from $100,000 to $1.5 million. The product offers
protections for every phase of life, including a permanent life
insurance death benefit and options that cover critical and chronic
illness expenses to meet a policyholder’s long-term care
WealthAccelerateSM features a simplified product design that
gives consumers access to a policy’s cash value2 and a fully
electronic underwriting process, including:
- Paperless, electronic submission with automated
- Online or phone client interview for application
- Lab-free opportunity for qualifying clients with speedy
underwriting from Lincoln’s dedicated, in-house team
- No Attending Physician Statement (APS) requirement for
- Electronic policy delivery on all cases
With access to a policy’s cash value, along with a personalized
customer portal, WealthAccelerateSM policyholders get the
protections they need and the convenience they want. For more
information, visit the Lincoln Financial Group Life Insurance
product page 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, approximately 16 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 $279 billion in end-of-period account values as of
December 31, 2022. Lincoln Financial Group is a committed corporate
citizen included on major sustainability indices including the Dow
Jones Sustainability Index North America and FTSE4Good and ranks
among Newsweek’s Most Responsible Companies. Dedicated to
diversity, equity and inclusion, we are included on transparency
benchmarking tools such as the Corporate Equality Index, the
Disability Equality Index and the Bloomberg Gender-Equality Index.
Committed to providing our employees with flexible work
arrangements, we were named to FlexJobs’ list of the Top 100
Companies to Watch for Remote Jobs in 2022. With a long and rich
legacy of acting ethically, telling the truth and speaking up for
what is right, Lincoln was recognized as one of Ethisphere’s 2022
World’s Most Ethical Companies®. Learn more at:
www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn,
and Instagram. Sign up for email alerts at
Lincoln Financial Group® affiliates, their distributors, and
their respective employees, representatives, and/or insurance
agents do not provide tax, accounting, or legal advice. Please
consult an independent professional as to any tax, accounting, or
legal statements made herein.
Lincoln WealthAccelerateSM IUL is issued on policy form
ICC22-UL6093/UL6093 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.
Products, riders and features are subject to state availability.
Limitations and exclusions may apply. Not available in New York.
Check state availability.
It is possible coverage will expire when either no premiums are
paid following the initial premium, or subsequent premiums are
insufficient to continue coverage.
______________________________ 1 Additional costs may apply. 2
Access to cash values is through loans and withdrawals, which will
reduce cash value and death benefit amounts, may cause the policy
to lapse and may have tax consequences.
version on businesswire.com: https://www.businesswire.com/news/home/20230123005131/en/
Media: Patrick Wright 980-322-4527
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