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Lincoln Financial Expands Indexed Universal Life Line with Survivor Product for Wealth Transfer and Estate Planning

By on May 16, 2022 0

RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today launched Lincoln WealthPreserve® 2 Universal Life Indexed Survival (SIUL) for couples or business partners who wish to insure two people in a single policy. Lincoln WealthPreserve® 2 SIUL offers an extended guaranteed death benefit, growth potential with downside protection and optional features for life’s changing needs, while allowing clients to implement estate planning strategies to transfer their wealth and minimize the impact of inheritance taxes.

“SIUL policies continue to see strong demand, with industry sales increasing nearly 70% in 2021.1, reflecting the value consumers place on these types of policies to protect their inheritance, preserve their assets and take advantage of growth opportunities,” said Stafford Thompson, Jr., senior vice president, Life and Executive Benefits Business Management at Lincoln Financial. “For these consumers, Lincoln WealthPreserve® 2 SIUL balances expanded death benefit coverage, growth potential, tax efficiency, and optional features to meet a variety of planning needs.

Estate protection and planning

Lincoln WealthPreserve® 2 SIUL provides a tax-free death benefit at the end of the life of the last surviving insured and is ideal for allowing insureds to transfer a larger inheritance to beneficiaries or provide proceeds to pay estate taxes. If properly structured in an irrevocable trust, life insurance comes from Lincoln WealthPreserve® 2 The SIUL may also be exempt from inheritance tax.

Beyond the basic protection features offered with Lincoln WealthPreserve® 2 SIUL, customers can add optional safeguards of protection, including:

  • Additional increase rider that helps protect against increases in the cost of living by automatically increasing policy coverage by 3% each year

  • Extended non-lapse premium rider that extends the minimum non-lapse coverage period from 25 years to a fixed term based on the age of the youngest insured

  • Estate protection endorsement to help protect policy proceeds if an irrevocable trust is not established prior to policy issue

“When it comes to estate planning and wealth transfer, many considerations can be taken into account, such as reducing the impact of inheritance tax, making a charitable gift or ensuring business continuity. “said Andy Bucklee, Senior Vice President and Head of Employee and Executive Benefits. Distribution, Lincoln Financial Distributors. “Financial professionals can play an important role in developing goal-oriented estate planning strategies on behalf of clients and helping them understand the flexibility that survival products love. Lincoln WealthPreserve® 2 SIUL brings to the process.

Growth and additional planning needs

In addition to estate planning, Lincoln WealthPreserve® 2 SIUL can help meet a variety of other financial needs, including providing tax-deferred growth potential, accessible as a source of additional income for retirement or other milestones, tax-free.2. To help clients achieve their long-term goals based on return potential and downside protection preferences, Lincoln WealthPreserve® 2 SIUL offers six indexed account options, including two Fidelity AIM® Dividend indexed accounts and four indexed accounts linked to the S&P 500®. The policy value can be allocated to one or more account options with the ability to make allocation changes in the future.

Lincoln WealthPreserve® 2 SIUL can fund business protection strategies such as key person coverage that can help maintain business continuity and solvency in the event of the death of a key employee.

Lincoln WealthPreserve® 2 SIUL expands Lincoln’s IUL portfolio, which also includes single life policies Lincoln WealthAccumulate® 2 IUL (2020), for clients with a focus on cash value growth, and Lincoln WealthPreserve® 2 IUL (2020), for clients seeking longer term guaranteed death cover.

Term Pricing Improvements

Separately, for customers with term life insurance needs such as coverage for a child’s education or mortgage, Lincoln also announced today improved price competitiveness on its life insurance policies. term insurance, Lincoln Living Elements® Level term (2019) and Lincoln Term Accel® Term of level (2019).

  1. LIMRA, 2021 U.S. Personal Life Insurance Sales Participants Report

  2. Loans and withdrawals will reduce the policy value and death benefit, may cause the policy to lapse and have tax implications.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, approximately 16 million customers trust our expertise in retirement, insurance and wealth protection to help them achieve their lifestyle, savings and income goals, and protect themselves. against long-term care costs. Based in Radnor, Pennsylvania, Lincoln Financial Group is the trading name of Lincoln National Corporation (NYSE: LNC) and its subsidiaries. The company had $308 billion in account value at the end of the period March 31, 2022. Lincoln Financial Group is a committed corporate citizen that is listed in major sustainability indices, including the Dow Jones Sustainability Index North America and FTSE4Good, and ranks among Newsweek’s Most Responsible Companies. . Dedicated to diversity, equity and inclusion, we are listed on transparency benchmarking tools such as the Corporate Equality Index, Disability Equality Index and the Bloomberg Gender Equality Index. Committed to providing our employees with flexible working arrangements, we have been named to the FlexJobs list of the 100 Best Companies to Watch for Remote Jobs in 2022. With a long and rich tradition of acting ethically, speaking the truth and to stand up for what is right, Lincoln was recognized as one of Ethisphere’s World’s Most Ethical Companies in 2022. Learn more: Follow us on Facebook, Twitter, LinkedIn and Instagram. Sign up for email alerts at


Lincoln National Life Insurance Company, Fort Wayne, IN

Lincoln National Life Insurance Company does not solicit business in the State of New York and is not authorized to do so.

All guarantees and benefits of the insurance contract are subject to the claims-paying capacity of the issuing insurance company.. They are not endorsed by the broker-dealer and/or insurance agency selling the policy, or by any affiliates of such entities other than affiliates of the issuing company, and no one makes any representation or warranty regarding the issuer’s claims-paying ability.

In some states, contract terms are spelled out and coverage may be provided in the form of certificates issued under a group policy issued by Lincoln National Life Insurance Company to a group life insurance trust. Products, jumpers and features are subject to state availability. The insurance policy and endorsements contain limitations, exclusions and/or reductions. Check status availability.

Distributer: Lincoln Financial Distributors, Inc., a broker


Lincoln WealthPreserve® 2 SIUL Policy Form (2022) ICC22-SUL6094 and State Variations – Not Available in New York

Accelerated Benefits Endorsement (Without First-to-Die Benefit) (endorsement form: J-390)

Accelerated Benefits Endorsement (with first-to-die benefit) (endorsement form: J-389)

Additional Survival Term Insurance Rider (also known as Estate Protection Rider) (Endorsement Form: J-5666)

Supplementary Increase (SIR) Endorsement (endorsement form: ICC22SIR-7107)

The S&P 500 Index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and has been licensed for use by Lincoln National Life Insurance Company. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The Lincoln National Life Insurance Company product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of these parties make any representation regarding the advisability of investing in such product and has no liability. for any errors, omissions or interruptions in the S&P 500 Index.

The Fidelity AIM® Dividend Index (the “Index”) is a product of Fidelity Product Services LLC (“FPS”) and has been licensed for use by The Lincoln National Life Insurance Company and its affiliates and reinsurers (” Lincoln”). Fidelity is a registered trademark of FMR LLC. The Index is the exclusive property of FPS and is created and compiled without regard to the needs, including but not limited to the suitability needs of Lincoln or any Lincoln Life Insurance Owner. Lincoln exercises its sole discretion in determining if and how life insurance will be linked to the value of the index. FPS does not provide investment advice to life insurance policyholders and under no circumstances will a Lincoln Life policyholder be considered a client of FPS. Neither FPS nor any third party involved in, or connected with, the creation or compilation of the index makes any representation regarding the index, index information, index or market performance, life in general or Lincoln Life Insurance in particular, and Lincoln Life Insurance is not sold, sponsored, endorsed or promoted by FPS or any third party involved in, or related to, the creation or compilation of the Index (including the Index Calculation Agent, if any). FPS disclaims all warranties, express or implied, including any warranties of merchantability or fitness for a particular purpose; does not warrant the adequacy, accuracy, timeliness and/or completeness of the Index or any data or communication relating thereto; and is not responsible for any errors, omissions or interruptions in the Fidelity AIM® Dividend Index.

Coverage may expire if no premium is paid after the initial premium or if subsequent premiums are insufficient to continue coverage.

LCN: 4741604-051222