Lincoln Financial Group Upgrades Lincoln LifeReserve Indexed UL Accumulator [Manufacturing Close – Up]

Lincoln Financial Group announced enhancements to Lincoln LifeReserve Indexed UL (IUL) Accumulator, a life insurance product issued by The Lincoln National Life Insurance Company.

According to a release, the product is designed to provide the protection of life insurance with the opportunity to build cash value that can be used as income.

Enhancements to Lincoln LifeReserve IUL Accumulator include a new fixed loan alternative, which expands clients' accumulation and distribution options to fit varying or changing risk profiles1. Lincoln LifeReserve IUL Accumulator is now also available with Lincoln's recently introduced Lincoln LifeEnhance ___ Accelerated Benefits Rider for clients concerned about unexpected permanent chronic or terminal illness expenses2.

"In today's economic climate, the need to accumulate assets and strengthen income potential for life's expected and unexpected financial scenarios is as great as ever," said Michael Burns, SVP, Insurance Solutions, Lincoln Financial Group. "At the same time, many risk-averse consumers are seeking principal protection, which has given way to IUL products becoming one of the industry's fastest growing segments. As this trend unfolds, Lincoln LifeReserve IUL Accumulator continues to gain traction in the market. Our latest enhancements offer even greater income predictability along with added flexibility for clients to tailor the product to their specific needs and stage of life."

The company noted that, with Lincoln LifeReserve IUL Accumulator, policy holders can take loans, borrowing up to 100 percent of the cash surrender value at any time during the life of the policy. The new fixed loan option offers a guaranteed interest credited rate of 2 percent in all years and guaranteed interest charged rate of 3 percent for the first ten years, with zero net-cost loans in policy years 11 and following. The fixed loan option complements the product's existing "participating" loan feature in which all borrowed and unborrowed policy value continues to earn interest while the loan balance is charged guaranteed loan interest. Clients can take advantage of conversion options, which allow for the greater growth potential of the participating loan during the income phase, and the stability of the fixed loan in later years.

Lincoln LifeReserve IUL Accumulator is the latest Lincoln product available with the Lincoln LifeEnhance Accelerated Benefits Rider (ABR). The Lincoln LifeEnhance ABR is designed to provide access to tax-advantaged funds in the event of an unexpected permanent chronic or terminal illness once the claims criteria have been met. In cases of permanent chronic illness, clients can access 100 percent of the gross death benefit if monthly payments are elected. For terminal illness, policy holders can access 50 percent of the death benefit up to a maximum of $250,000.

According to LIMRA, IUL was the biggest driver of total individual life insurance premium growth in the second quarter of 2012 with industry sales of IUL increasing 37 percent. Over the past year, Lincoln's IUL products have seen sales increase by 130 percent3.

Lincoln Financial Group is the marketing name for Lincoln National Corp. and its affiliates. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) plans; savings plans; and financial planning and advisory services.

More Information:

LincolnFinancial.com

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