Equitable, Lincoln and Security Benefit Add Products for Stability Seeker
February 6, 2023 by Allison Bell
Big life and annuity issuers, and some smaller players, are breaking through the financial services sector’s stunned silence with talk about products that offer strong value guarantees.
The COVID-19 pandemic has eased, and the stock market has overcome most of the volatility that hit in the fall.
Click HERE to read the full story via ThinkAdvisor
Wink’s Note: When I saw this Lincoln Financial Group WealthAccelerate IUL hit the streets a couple of weeks ago, I wanted to see how it was different from Lincoln’s top-selling WealthAccumulate 2 IUL.
Here’s what I found on Wink, Inc.‘s LifeSpecs tool:
– New % of Fund Charges for the first ten years;
– Narrower issue ages;
– Stronger guaranteed and current rate on the fixed strategy;
– No ROP death benefit option;
– Less indexing methods;
– Higher illustrated rates;
– No non-guaranteed bonus;
– No primary insured term rider;
– WAY less riders; and
– Slightly lower targets in key cells.
Thanks for the additional perspective on this one Allison Bell at ThinkAdvisor! -sjm
