Lincoln Financial’s Latest Variable Universal Life Offer Provides Flexible Growth and Protection | News
RADNOR, Pa.–(BUSINESS WIRE)–January 24, 2022–
Lincoln Financial Group (NYSE: LNC) today launched the next generation of Lincoln AssetEdge®, an accumulation-focused variable universal life (VUL) policy offering cash value growth and the potential for tax-advantaged income and an economical death benefit. As accumulation LCV policy sales continue to increase, tripling in Q3 2021 1, AssetEdge (2022) offers market-driven investment options that can be tailored to a client’s financial goals and risk tolerance, as well as policy features that allow individuals, families, and businesses to prepare for the unforeseen.
“With the strength of equity markets in recent years, customers are showing increased interest in accumulation VUL contracts like AssetEdge to diversify their financial portfolio in a tax-efficient manner,” said Andy Bucklee, Senior Vice President and Head of Life and Executive Benefits Distribution for Lincoln. ” AssetEdge offers the flexibility to participate in the market and access cash value to supplement income, while protecting your loved ones and life priorities.
New growth opportunities
Clients have the opportunity to enhance the growth potential of their policy through the Enhanced Allocation Rider, which can be added to the policy in question at no additional premium. With the Enhanced Allocation Rider, a portion of the cash value of the policy is allocated to purchase options on the S&P. Any additional growth increases both the value of the policy and the death benefit protection, which can be accessed or passed on to beneficiaries.
AssetEdge is now also available with an enhanced cash value endorsement for individual administrators, designed for those looking for a tax-balancing option that can reduce overall tax impact and provide the flexibility to access the full value of the policy no redemption fees.
New investment options
AssetEdge includes a wide range of investment options that can be tailored to a client’s goals for return potential and downside protection. In addition to more than 75 variable market-based investment options, two index accounts linked to the performance of the S&P 500 Index, several managed risk funds and a fixed account, AssetEdge now offers two Fidelity AIM® Dividend Index account options. Fidelity accounts use a dynamic allocation approach that combines the characteristics of high-dividend stocks with the safety of US Treasuries to help provide a more stable investment experience over time.
Clients can allocate investments among several options and adjust the allocations over time to adapt to changing needs, financial goals or market conditions.
“With the latest version of Asset Edge, we have enhanced its overall value proposition, making it an attractive portfolio option to meet not only a client’s growth and distribution needs, but also their protection needs,” said Stafford Thompson, Jr. , senior vice president of executive life and benefits business management. at Lincoln. “Included between AssetEdge and our protection-focused approach VUL ONE products, Lincoln offers customers interested in market participation a range of variable options to meet planning needs ranging from retirement income to guaranteed lifetime death benefit protection.
To learn more about Lincoln Asset Edge (2022), Click here. To learn more about how variable universal life insurance can fit into a retirement portfolio, see This article by Wade D. Pfau, Ph.D., CFA, RICP®, Founder of Retirement Researcher and Professor of Retirement Income at the American College of Financial Services.
Disclosures and Important Information
1. LIMRA, Press Release, Increase in life insurance sales in the third quarter of 2021, December 1, 2021
This variable product is issued on form number LN698 and state variants by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker/dealer. Lincoln National Life Insurance Company does not solicit business in the State of New York and is not authorized to do so. The contractual obligations are backed by the claims-paying ability of Lincoln National Life Insurance Company.
Policies sold in New York are issued on form number LN698 by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker/dealer. The contractual obligations are backed by the claims-paying ability of Lincoln Life & Annuity Company of New York.
All coverage and benefits under the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not endorsed by the broker-dealer and/or insurance agency selling the policy, or 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.
Variable products are sold by prospectus. Carefully consider the investment objectives, risks, charges and expenses of the variable product and its underlying investment options before investing. The prospectus contains this and other information about the variable product and its underlying investment options. A brochure is available at LincolnFinancial.com or you can request one from your registered representative. Read it carefully before investing.
Products and features subject to state availability. Limitations and exclusions may apply.
NOT A DEPOSIT. NOT FDIC INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY ANY BANK OR SAVINGS ASSOCIATION. MAY DECREASE IN VALUE.
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, more than 17 million customers trust our expertise in retirement, insurance and wealth protection to help them achieve their lifestyle, savings and income goals, and protect against long-term care expenses. Based in Radnor, Pennsylvania, Lincoln Financial Group is the trading name of Lincoln National Corporation (NYSE: LNC) and its subsidiaries. The company had $322 billion in account value at the end of the period September 30, 2021. 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. Dedicated to diversity and inclusion, we have achieved perfect scores of 100% on the Corporate Equality Index and the Disability Equality Index, and rank among Newsweek’s Most responsible companies. Learn more about: www.LincolnFinancial.com. follow us on Facebook, Twitter, LinkedIn, and instagram. Sign up for email alerts at http://newsroom.lfg.com.
Show source version on businesswire.com:https://www.businesswire.com/news/home/20220124005454/en/
Lincoln Financial Group
Email: [email protected]
KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER CONSUMERS INSURANCE WOMEN FINANCE MEN SENIOR PROFESSIONAL SERVICES CONSUMERS OTHER PROFESSIONAL SERVICES
SOURCE: Lincoln Financial Group
Copyright BusinessWire 2022.
PUBLISHED: 01/24/2022 09:30/DISC: 01/24/2022 09:32