Lincoln Financial Group Enhances VUL Suite
RADNOR, PA, June 18, 2015 – Lincoln Financial Group (NYSE:LNC) today announced the next generation of its Lincoln AssetEdge® Variable Universal Life (VUL) insurance offering, featuring expanded investment options for tax-efficient cash accumulation with downside protection, and supplemental income potential, as well as life insurance protection.
In addition to offering clients an income tax-free death benefit and more than 80 market-driven variable investment options from the Lincoln Elite Series of Funds for maximum growth potential, Lincoln AssetEdge® VUL now offers three indexed accounts for moderate growth potential with guaranteed downside protection, and a fixed account for more conservative, predictable growth. Clients have the ability to adjust investment allocations over time to align with changing needs and financial goals.
“As advisors help their clients meet specific retirement outcomes, they need accumulation options that align accordingly and take into account various challenges such as taxes, market volatility and income needs,” said Michael Parker, vice president, Life Product Management, Lincoln Financial Group. “Lincoln has designed the new AssetEdge® VUL solution to provide the investment freedom and flexibility clients need to build and protect wealth based on their financial objectives and risk tolerance levels, within a platform that helps prepare families for the opportunities and uncertainties of life.”
Lincoln AssetEdge® VUL provides advisors with another wealth protection strategy that can be used to help clients plan for a diverse range of financial needs including retirement, college tuition and certain unanticipated health costs.
“When added to a portfolio, life insurance can boost both diversification and risk protection,” said Andrew Bucklee, head of Insurance Solutions distribution for Lincoln Financial Group. “Many traditional asset classes are predominantly focused on accumulation. However, none of them protect the client’s assets the way life insurance does. Not paying attention to that aspect of a portfolio can have enormous impact on the way wealth is transferred. Advisors need to help their clients better understand the different uses of life insurance, such as those found within VUL policies, and how it can effectively help reduce exposures to their financial portfolios.”
Additional Product Information
The three indexed accounts now available with AssetEdge® VUL use a one year point-to-point crediting methodology tied to the performance of the S&P 500 Index (excluding dividends) to cover a range of returns. Each of the indexed accounts, as well as the fixed account, features a guaranteed one percent minimum interest rate to protect against negative returns and provide a level of predictability.
During the income phase, in addition to withdrawals, policyholders now have two loan options, including the Indexed Account Participating Loan and a Fixed Loan option.
Lincoln AssetEdge® VUL is available with the optional Lincoln LifeEnhance® Accelerated Benefits Rider (ABR), subject to state approval. The Lincoln LifeEnhance® ABR is designed to provide access to tax-advantaged funds to use for any purpose in the event of an unexpected, permanent chronic or terminal illness.
Lincoln AssetEdge® VUL 2015 is immediately available to Lincoln’s national network of distribution partners (in states where approved). For more information on the product, visit the Lincoln Financial Group website.
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