Lincoln Introduces New IUL Product to its Portfolio
Effective Jan. 23, 2023, subject to state and firm availability, Lincoln Financial Group is pleased to introduce Lincoln WealthAccelerate IUL to our life insurance portfolio.
Lincoln WealthAccelerate IUL is an indexed universal life product with an emphasis on the digital and automated experience, from application to policy management, and a focus on meeting consumers expectations in today’s modern world of instant decisions, exceptional experience, and simplicity.
For middle-income clients who want to accelerate their financial planning with a policy that addresses multiple needs; a foundation of protection, market-based returns, access to assets, and options to prepare for long-term care expenses.
Product Highlights
Lincoln WealthAccelerateSM IUL provides a streamlined product design and underwriting categories:
Issue ages: 20 – 55
Face amounts: $100k - $1.5M
Death Benefit options: (1) Level or (2) Increasing by Cash Value
Underwriting Classes: Preferred NT, Standard NT (up to table 3) and Standard Tobacco (up to table 3).
Two indexed account options and Long-Term Care riders for additional protection for future needs. Click here to learn more.
Click here to view applicant pre-qualifications
Rider Availability
Critical Illness Rider
Lincoln LifeAssure Accelerated Benefits Rider II
Overloan Protection Rider
Product Availability
New business applications will be accepted on Jan. 23, 2023, in approved states. Click here to view the IUL State Availability Grid.
Product will be made available on iPipeline and LFD.com. As a reminder, when new life insurance products become available, iPipeline users must add any new products to their account within iGO and iService. If you have specific questions or need instructions, you can access additional information from the iPipeline Customer Portal.
New Compbuilders will need to be completed in order to sell Lincoln WealthAccelerate IUL. The new Compbuilders will be located on the Forms Tool on LFG.com.