Effective April 22, 2019, Lincoln is pleased to announce pricing improvements to Lincoln LifeElements® Level Term {2017) which will improve competitive positioning in key cells.

Lincoln LifeElements® Level Term offers both a traditional paper application process and a streamlined Tele-App process for electronic and paper ticket submissions.

Highlights

  • Goals of the reprice include being a “top 3 carrier” in the following non-tobacco core cells for all term periods:
    • Ages 55 and above for face amounts of $500,000 and above
    • Ages 30 and above for face amounts of $1,000,000 and above
  • Premium updates include decreases only

Transition Guidelines

For states that are approved at rollout, there is a 30-day transition period which begins on April 22, 2019, and ends on May 21, 2019. During the transition period:

  • New applications received and applications currently in underwriting will automatically receive the lowest rates available. A request to use the lower rates will not be required. If the application has been submitted with premium using higher rates the difference will be automatically refunded.
  • For policies already issued, Lincoln will accept a written request to change to the Lincoln LifeElements® Level Term {2017) – 04/22/19 rates.
  • For policies already placed Lincoln will not allow rewrites to the Lincoln LifeElements® Level Term (2017) – 04/22/19 rates.
  • For LincXpress Tele-App cases a complete ticket and required solicitation forms must be received within the same transition period outlined above.
  • States approved after rollout the above will automatically apply based on the availability date.
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604 Harper Avenue, Jenkintown, PA 19046 | P: 800.543.5555 / 215.517.4080 | F: 800.343.0804 / 215.517.4087

Miami Office:
3470 NW 82nd Avenue, Suite #670, Doral, FL 33122 | P: 800.683.3077 / 305.908.6700 | F: 800.343.0804

Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120, 303-797-9080.

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