Lincoln LifeReserve® Introduced by Lincoln Financial Group

LifeReserve® Indexed UL, created for the purpose of accumulating assets together with life insurance protection, was recently introduced by the Philadelphia-based Lincoln Financial Group. With $164 billion in assets under management as of July 1st, 2011, Lincoln Financial Group hopes to further increase their already extremely profitable businesses: annuities, disability, life, and group life insurance, as well as 401(k) and 403(b) and savings plans.

LifeReserve® credits interest using the S&P 500 Index, using three optional sub-accounts, each guaranteeing the credit of a 1% minimum interest rate, regardless of the S&P’s performance. Additionally, LifeReserve® will offer fixed account options and other methods of generating tax-advantaged income designed to help its customers cover expenses for college, retirement, etc.

With its use of the S&P index, LifeReserve® protects its customers from risk while maximizing the potential for value.

Mike Burns, Senior Vice Present of Life Solutions for Lincoln, had this to say: “Lincoln LifeReserve IUL was designed to help clients protect, accumulate and enjoy assets by taking advantage of the strength and consistency of Lincoln Financial, and our expertise in indexed life insurance products. In addition to death benefit protection, this product is another asset accumulation option for clients who may have hit a ceiling with other savings alternatives, such as a 401(k). As an accumulation product, Lincoln LifeReserve IUL is an asset that can help diversify a client’s portfolio.”

Among its many features, Lincoln LifeReserve® Indexed UL also offers competitive rates, pre-set illustration software, streamlined forms, overloan protection, a point-to-point account with 13% cap for one year, no allocation restrictions, and a 10-year no lapse guarantee coupled with a 1% interest-crediting rate floor guarantee.

Lincoln LifeReserve® Indexed UL (2011) was issued by The Lincoln National Life Insurance Company, located in Fort Wayne, Ind. In addition to its other features, LifeReserve also offers participating loans and a guaranteed loan rate.

This entry was posted on September 15, 2011 at 4:45 am and is filed under Finance, Headlines. You can follow any responses to this entry through the RSS 2.0 feed.