Dear Valued Partner:

We are writing to advise you that effective June 1, 2016, current cost of insurance (COI) rates are being increased on some UL and VUL policies. Lincoln is the administrative agent and reinsurer for the policies, which were issued by Aetna Life Insurance and Annuity Company (now Voya Retirement Insurance and Annuity Company) between the years 1983 and 2000. Lincoln will implement the changes as a matter of prudent risk and financial management.

These adjustments are based on material changes in future expectations of key cost factors associated with providing this coverage, including lower investment income and higher reinsurance costs. The changes are not taken lightly and are being made only after an in-depth actuarial analysis along with a rigorous review process, including thoughtful consideration of the effect on the policyholders and our distribution partners.

These products remain meaningful solutions with competitive guaranteed credited interest rates. The COI changes will comply with the terms of the policy. We realize your clients will likely need to evaluate their coverage and decide what they want to do. Because we appreciate the important role that life insurance plays in helping your clients secure their financial futures, we stand ready to answer any questions you or your clients have, and are here to assist with any service required.

As a first step, enclosed is additional information about the changes and options for your clients to consider. Lincoln has created a special support team and is available to assist you and your clients with their policies.

Summary of Changes     Agent FAQs     Lincoln Leader Article     Sample Agent Package     Sample Client Package

We thank you for your partnership, and encourage you to contact your Lincoln representative with any questions.

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

GBS Insurance and Financial Services, Inc. is not affiliated with The Leaders Group, Inc. You may check the background of investment professionals on FINRA Broker Check

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