Effective Now, all MoneyGuard clients regardless of marital status will qualify for the “couples discount” on business placed through year end. This includes all non-married clients. This discount will result in roughly 7-10% BETTER leverage on average for those non-married clients. Read more.
Lincoln MoneyGuard Fixed Advantage now available in Montana and New Jersey. Read More.
Effective now, Lincoln is announcing pricing updates on Lincoln SVULONE (2021) which serve to better balance the competitive positioning of our premium durations by maintaining competitiveness in key strategic single pay cells while increasing competitiveness in level pay designs. Pricing adjustments apply to both GMDB options (Lifetime guaranteed and GMDB drop at age 90) and will vary by age and funding pattern. On average adjustments are as follows based on non-tobacco cells ages 40-80:
▪ 15% decrease to Level pay designs (mostly decreases with a handful of increases)
▪ 2% decrease to 10 pay designs (with a mix of increases and decreases)
▪ 3% increase to single pay designs (with a mix of increases and decreases)
Lincoln’s guidelines for nonmedical conditions that prompt the need for labs/vitals have been updated to offer consideration for more clients. For complete details, please review Lincoln’s Lab-Free Consideration Presubmission Qualification Guidelines.
Lincoln has made pricing updates on Lincoln VULONE which will improve competitive positioning of level pays, while remaining competitive in single pay designs.
On average adjustments are as follows:
▪ 17% decrease to Level pay designs
▪ 1% decrease to 10 pay designs
▪ 5% increase to single pay designs
Effective June 13, 2022, Lincoln is pleased to announce a product reprice for Lincoln Premier BOLI UL. The product will be updated to reflect the 7702 and 7702A interest rates changes to comply with the updated Consolidated Appropriations Act that went into effect in 2021. Lincoln Premier BOLI UL, a general account BOLI product, is designed with flexible advantages for your clients. There will be no changes to the benefits or features of the existing product, such as a first-year rate lock, no COIs in the first year, and competitive rates and commission schedules. Read More.
Available now, subject to state availability, Lincoln WealthPreserve® 2 Survivorship IUL (2022) offers long-term protection, built-in guarantees, and lifelong flexibility. Built for couples who want solid, cost-effective protection for two lives under one policy.
After careful consideration, Lincoln has made the decision to discontinue new sales of Lincoln LifeGuarantee® UL (2019) and Lincoln LifeGuarantee® SUL (2019) (Survivorship UL), which accounted for just 1% of all Lincoln Life sales in 2021. These changes are effective in all states, June 10, 2022. The changes do not impact inforce policyholders. Read More.
Effective now, Lincoln will once again offer our Long‐Term Care Rider (LTC Rider) and Lincoln Care Coverage Accelerated Benefits Rider (CCBAR) for new sales in the state of Washington. Read more.
Lincoln’s newest variable universal life insurance product, Lincoln AssetEdge VUL (2022), is available in the states of California, Oregon, and Wyoming. Read More.