Lincoln's Latest IUL Products Now Available in CA

Great news for Californians: Lincoln latest single life IUL products are now available for sale! These Section 7702 compliant updates to WealthAccumulate IUL and WealthPreserve IUL are available for sale as of Monday, August 30th.

These new product updates also incorporate the new 7702 assumptions that were effective January 1, 2021.

New! Introducing the Fidelity AIM® Dividend Indexed Account – Fixed Bonus.

In addition to the 5 currently available account choices, the new Fidelity Account with a Fixed Bonus offers strong uncapped growth potential and a guaranteed bonus regardless of the underlying index performance. Policy value can be allocated to one or more account options with the ability to make allocation changes in the future. Indexed account options are linked to the S&P 500® Index* (excluding dividends) or the Fidelity AIM® Dividend Index# designed to provide options to help meet clients’ long-term goals based on return potential and downside protection preferences.

Transition Guidelines

For states that are approved at rollout there is a 60-day transition period which begins on August 30, 2021 and ends on October 29, 2021.

• For the replaced product, formal applications must be signed, dated and received in-good-order in Lincoln’s home office by the end of the transition period to qualify. For LincXpress® Tele-App Cases, a complete ticket and required solicitation forms must be received.

• For pending business or policies already issued, Lincoln will accept a written request and a revised illustration to change to the 05/10/21 versions of the product.

• For policies already placed, normal internal replacement guidelines apply. Rewrites will not be allowed.