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One popular type of life insurance is variable life insurance. Just like with fixed insurance products, you pay premiums to the insurer in order to have your named beneficiaries receive a death benefit at the time of your death. The difference is that with variable life products the cash value varies with the performance of the underlying portfolio of subaccounts. As the owner of the policy, you select how to allocate the net premium among the investment options (subaccounts) offered. The subaccount values fluctuate with the market conditions. Due to this variable component, most variable products can offer a flexible premium, flexible death benefit or both.
Obviously with these type of products, you not only need to have access to a strong product, but also need the advice of an expert to determine the right portfolio mix. At Lincoln Financial Advisors, we strive on both these and will help you find the right product for you situation as well as the right portfolio to help you achieve your goals and objectives.
Variable insurance is offered by prospectus. The prospectus contains complete information including rates, fees and expenses, and should be read carefully before investing. For a prospectus of our variable life products, please contact your Lincoln Financial Advisors representative, or call the number below.
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