SECURELINE
We want to make things easier as you decide what you want to do when you receive insurance or investment proceeds. We are pleased to be able to provide you with the SecureLine service in connection with the payment of proceeds under contracts issued or administered by our member insurance companies.
With SecureLine your proceeds are transferred into an interest bearing checking account. The balance starts earning interest the day your SecureLine account is opened and continues to earn interest until the account is closed.
Once your account is opened, you will receive a SecureLine packet and a personalized checkbook. If you decide you want the entire proceeds immediately, you just need to write one check for the entire account balance. Otherwise, you can pay immediate expenses with the account, yet keep your remaining money secure and earning a competitive interest rate until you can make the right investment choice for you.
SecureLine is an interest-bearing checking account in your name. You are the owner of this account and only you can authorize the transfer of funds from this account.
Immediate Access
You may write checks immediately from your SecureLine account. You can write as many checks as you wish, payable to whom you wish. Each check must be for at least $250 and the total of all checks written may not exceed your balance.
Competitive Interest Rates
The balance in your SecureLine account starts earning interest the day you open the account. The rate is based on anticipated investment experience of the company.
No Fees or Administrative Charges
There are no fees for checks and no fees for monthly checking account services. You will be charged a fee if you stop a payment, present a check for payment without sufficient funds or order a copy of a canceled check.
Concise Monthly Statements
Each month you will receive a monthly statement showing your current balance, the activity in your account and the interest rates paid during the last month. Canceled checks are not automatically returned with your statement.
Additional Deposits
Your SecureLine account is designed to help you manage the insurance, annuity or investment proceeds. As a result, you cannot deposit additional funds into this account, except proceeds from another policy, contract or account that is administered by Lincoln. Once funds are withdrawn, they cannot be redeposited.
Minimum Balance
Your SecureLine account will remain open until your balance drops below a designated threshold amount, at which time your account will be automatically closed and a check for remaining funds plus the interest will be mailed to you.
Guaranteed Safety
SecureLine is not FDIC-insured; however, the balance in your account and all interest earnings are guaranteed, backed by the financial strength of the LFG member company paying the proceeds.
Professional Assistance
We encourage you to talk with your financial professional to review your options. A trusted financial professional can help ensure that the choices you make are best suited for you, your family and your financial goals.
Change in Terms and Conditions
We reserve the right to change the terms and conditions of the account and will notify you promptly when changes are made.
