Lincoln Financial Enhances Life Portfolio

RADNOR, Pa, November 24, 2014 – Lincoln Financial Group (NYSE:LNC) has announced enhancements to its life insurance portfolio of products, with updates to its Term and Survivorship Indexed Universal Life (SIUL) offerings. The enhancements offer new strategies for advisors to use in helping clients achieve goal-based outcomes, by providing added flexibility in planning for income replacement needs, tax efficient wealth transfer or health-related expenses.

“There are many different ways that life insurance can help individuals protect the assets they have worked so hard to accumulate, but there is no ‘one size fits all’ solution,” said Michael Parker, vice president of Life Product Management, Lincoln Financial Group. “Advisors need a broad set of options to meet the diverse needs of their clients, and Lincoln is committed to providing that choice and flexibility through its comprehensive solution set. We continuously refine the portfolio to ensure advisors can help guide their clients in reaching their desired outcomes during different stages of life.”

Protecting Assets From Health-Related Expenses

Now available with Lincoln WealthPreserve^SM SIUL policies, which insure two individuals in a single policy, is the Lincoln LifeEnhance^SM Accelerated Benefits Rider (ABR)¹ for clients who have a primary need for life insurance protection, but are also concerned about the impact a permanent chronic or terminal illness may have on their financial well-being.

The Lincoln LifeEnhance^SM ABR provides access to tax-advantaged funds through acceleration of the policy death benefit when both insureds, or the surviving insured, develops a qualifying permanent chronic or terminal illness. Once all eligibility conditions have been met, there is no waiting period, and funds can be used freely to get what is needed to ensure a desired quality of life. After the acceleration begins, no additional premiums are required and the policy is guaranteed not to lapse as long as no further withdrawals or loans are taken.

Lincoln WealthPreserve? SIUL provides an income tax-free death benefit at the end of the second  insured’s life, and is designed to enable policyholders to transfer a greater inheritance to beneficiaries, or provide proceeds to pay estate taxes, continue a business, or meet other financial needs.

Offering More Flexibility in the Marketplace

Lincoln has also made enhancements to its Lincoln LifeElements^® Level Term products, which offer affordable death benefit protection for 10, 15, 20 or 30 years, helping families make financial transitions during difficult times. Lincoln LifeElements^® Level Term (2014) features improved premium competitiveness helping expand market reach, and now, beginning in year 4, death benefit decreases are allowed, subject to a minimum requirement. This new option provides policyholders with the flexibility to meet shifting objectives as their situations evolve with age and lifestyle. Policyholders are able to reduce the death benefit one time per year beginning in the fourth year, and premiums will be adjusted accordingly.

These product enhancements are immediately available to Lincoln’s national network of distribution partners (in states where approved). For more information on the product, visit www.lincolnfinancial.com.