Effective November 11, 2019, The Lincoln National Life Insurance Company (Lincoln) introduces its latest updates to its survivorship life guaranteed UL product, Lincoln LifeGuarantee® SUL (2019). This product will replace the existing Lincoln LifeGuarantee® SUL with the necessary updates to comply with Principle-Based Reserving (PBR) and 2017 Commissioner’s Standard Ordinary (CSO) Table.

This product will not be made available in New York.

Product Updates

  • Due to the recent interest rate declines to near historical lows, the following pricing updates will apply:
    • Premiums will increase between 20%-40%. Some age and class combinations may see increases above or below this amount
    • Target premiums increased to be aligned with updated lifetime level premiums
  • External rollover loans are not commissionable
  • The CPG Funding Level Test has been removed

Availability and Transition Guidelines

New business applications for Lincoln LifeGuarantee® SUL (2019) will be accepted on November 11, 2019.

  • For pending business or policies already issued, Lincoln will accept a written request and a revised illustration to change to the Lincoln LifeGuarantee® SUL (2019)
  • For policies already placed, normal internal replacement guidelines apply. Rewrites will not be allowed.

Available Riders
The following riders will be available on Lincoln LifeGuarantee® SUL (2019):

  • Accelerated Benefits Rider (with first death)
  • Accelerated Benefits Rider (without first death)
  • Estate Protection Rider

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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