Lincoln Financial Updates Life Products

February 13, 2019 by Allison Bell

Lincoln Financial Group is introducing a new indexed universal life (IUL) insurance product: he Lincoln WealthAccumulate Indexed Universal Life 2019 policy.

The new IUL policy offers four different indexed account options, with all of the options based on the S&P 500 Index.

Lincoln Financial is selling the policy with a nine-year surrender charge period.

The policy comes with a return-of-premium rider. The rider gives the purchaser the option to have 100% of the premiums returned if the market performs worse than expected. A policyholder can use that option one time, at the end of policy year 20, with no additional upfront cost. Use of that rider is subject to a minimum premium requirement.

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Originally Posted at ThinkAdvisor on February 11, 2019 by Allison Bell.