Lincoln is pleased to announce pricing improvements to Lincoln LifeElements Level Term (2014). Effective August 10, 2015, the following improvements will be made to Lincoln LifeElements Level Term (2014):

Product Highlights

Premiums have either been reduced or stayed the same with the goal of solidifying key competitiveness at ages 45+ with face amounts of $500k+ in addition to:

• Being a top 3 carrier at $500,000 of death benefit at ages 55 and above

• Being a top 3 carrier at $1 million of death benefit at ages 45 and above

• Quarterly billing mode will now require premium payments through EFT

 

Transition Guidelines

All states will be automatically approved at rollout, with the exception of:

• Puerto Rico – pending approval of the 2014 base product

• Oregon and Washington – pending approval of the 08/10/15 reprice

• New York – not included in the 08/10/15 reprice

 

For approved states, the following will apply at rollout:

• New applications received on or after August 10, 2015 will automatically receive the new lower premiums if applicable. A request to use the new rates will not be required

• Applications currently in underwriting that are issued on or after August 10, 2015 will automatically receive the new lower premiums if applicable. A request for the new rates will not be required. If the application was submitted with premium using the previously higher rates, the difference will be automatically refunded.

• For policies already issued, New Business will require notification of the desired change to reissue the policy at the new rates.

• For policies already placed, we will not allow rewrites to the new Lincoln LifeElements Level Term (2014) – rates as of 08/10/15.

 

For states approved after rollout, the above will automatically apply as of the state availability date

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.

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