Effective February 16, 2021, subject to state availability, Lincoln is pleased to introduce the newest products in its variable universal life portfolio, Lincoln VUL ONE (2021) and Lincoln SVUL ONE (2021).

The new Lincoln VUL ONE (2021) and Lincoln SVUL ONE (2021) continue to offer guaranteed lifetime death benefit protection with market-driven growth potential, while also offering options that can reduce cost and increase your cash value and death benefit protection. These products replace the existing Lincoln VULONE (2019) and Lincoln SVULONE (2019) versions with the focus of maintaining a consistent leadership position while adding optionality into the product through two lifetime guaranteed minimum death benefit protection options and a NEW Bonus Rider!

Product Highlights

Guaranteed Lifetime Protection – No Matter How the Market Performs
Two lifetime Guaranteed Minimum Death Benefit (GMDB) protection options:

  • 100% Lifetime Guaranteed Death Benefit
  •  NEW! Premium Reduction Option via Lifetime Guaranteed Death Benefit with 50% drop at age 90
    • For Lincoln VULONE (2021) this option reduces premium by 16% on average over the 100% Lifetime Guaranteed Death Benefit Option
    • For Lincoln SVULONE (2021) this option reduces premium by 25% on average over the 100% Lifetime Guaranteed Death Benefit Option

Growth Opportunities
Market growth potential with more than 75 investment options and no restrictions

  • Tax-deferred growth potential
  • The freedom to craft policy portfolios from conservative to aggressive
  • Passive or hybrid management, without impacting the guaranteed protection
  •  Automatic rebalancing

Options to Enhance Protection and Cash Value Potential
NEW! Bonus Rider

  • The Bonus Rider gives the policy holder the option to utilize cash value within the policy to pursue increased upside potential through indexed features. The rider takes an annualized charge from the Separate Account to purchase an uncapped option on the S&P 500 with a 0% floor and a participation rate (set at the time of option purchase). This rider includes an additional No-Lapse Value premium load.

Permanent Rewards for Strong Performance with the Accumulation Value Threshold
If the policy exceeds a pre-determined threshold, the policy’s Death Benefit is guaranteed, and excess cash value can be accessed without impacting the guarantee.

Product Updates
The first-year premium limit of $500,00 previously imposed on Lincoln VULONE (2019) and Lincoln SVULONE (2019) will not apply to Lincoln VULONE (2021) and Lincoln SVULONE (2021).

Available Riders
The following riders are available, subject to state availability, on Lincoln VULONE (2021):

  • Bonus Rider (NEW!)
  • Accelerated Benefits Rider (with critical illness)
  • Accelerated Benefits Rider
  • Long-Term Care Rider (LTC Rider)
  • Lincoln LifeAssure® Accelerated Benefits Rider
  • Lincoln LifeEnhance® Accelerated Benefits Rider
  • Enhanced Surrender Value Rider
  • Change of Insured Rider
  •  Waiver of Monthly Deductions
  • Optimal No-Lapse Enhancement Rider (included automatically)
  • Overloan Protection Rider (included automatically)
  • Premium Reserve Rider (included automatically in approved states)

The following riders are available, subject to state availability, on Lincoln SVUL ONE (2021):

  • Bonus Rider (NEW!)
  • Enhanced Surrender Value Rider
  • Estate Protection Rider
  •  Optimal No-Lapse Enhancement Rider (included automatically)
  • Overloan Protection Rider (included automatically)
  • Premium Reserve Rider (included automatically in approved states)

Product Availability
New Business applications will be accepted on February 16, 2021 in approved states. Please note, the new products will not be filed in New York.

Prospectus

There will be a new prospectus for each of these products: Lincoln VULONE (2021) and Lincoln SVULONE (2021). They will be made available on February 16, 2021.

Transition Guidelines
For states that are approved at rollout there is a 14-day transition period which begins on February 16, 2021 and ends on March 1, 2021.

  • For the old product, formal applications must be signed, dated and received in-good-order in Lincoln’s home office by the end of the transition period to qualify. For LincXpress® Tele-App Cases, a complete ticket and required solicitation forms must be received by the end of the transition period to qualify.
  • For pending business or policies already issued, Lincoln will accept a written request and a revised illustration to change to the Lincoln VULONE (2021) or Lincoln SVULONE (2021)
  • For policies already placed, normal internal replacement guidelines apply. Rewrites will not be allowed.
  •  For states approved after rollout, the above will automatically apply based on the availability date.
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Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120, 303-797-9080.

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

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