Effective February 10, 2020, Lincoln is pleased to announce pricing updates to Lincoln TermAccel® Level Term (2019) which will improve competitive positioning in key cells.

Lincoln TermAccel® offers an entirely electronic, streamlined Tele-App process with fully automated underwriting and no APS requirement.

Pricing Updates

  • Goals of the reprice include being a “top 3 carrier” in the following non-tobacco core cells for all term periods ages 30-60 and face amounts of $250,000 – $1,000,000
  • Premium updates include a mix of both decreases and increases

Transition Rules

For states that are approved at rollout, there is a 30-day transition period which begins on February 10, 2020, and ends on March 11, 2020. 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 TermAccel®(2019) – 02/10/20 rates.
  • For policies already placed Lincoln will not allow rewrites to the Lincoln TermAccel® (2019) – 02/10/20 rates.
  • For states approved after rollout, the above will automatically apply based on the availability date.

Available Riders

The following riders are available on all versions of Lincoln TermAccel® (see state availability):

  • Accelerated Benefit Rider
  • Waiver of Premium Benefit
  • Children’s Level Term Insurance Benefit Rider
Corporate Headquarters:
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.

BrokerCheck

Premier Brokerage Services is not affiliated with The Leaders Group, Inc.

Copyright @2020 Premier Brokerage Services Inc.