Lincoln Benefit Life’s (LBL’s) Total Accumulator VUL will no longer be available for term conversions after August 27, 2017.
Key Dates and Transition Rules
Please take note of the following transition rules and important dates:
- All TotalAccumulator VUL term conversion applications in good order dated on or before August 27, 2017 and received on or before September 8, 2017 will be issued.
All TotalAccumulator VUL term conversion applications dated on or before August 27, 2017 and received after September 8, 2017 will be returned. A new application and required paperwork will need to be submitted for the available product, Whole Life II.
In the event underwriting is required, the following applies:
- All underwriting requirements are received at LBL by October 16.
- All delivery requirements are received in good order by December 15.
- Policies are issued and credit released by December 29.
Policies that are not issued and credit released by this time will be closed.