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ECONOMIC BENEFIT INFORMATION

split-dollar economic benefit reporting

The tools below are provided to assist clients and advisors in calculating Split-Dollar Economic Benefit Reporting.

Due to specific changes in the applicability of rates to certain types of split dollar arrangements (with which Lincoln is not party to and has no direct knowledge of), and rules that can currently tax certain cash values, Lincoln will only be providing certain policy information to the policyowner. This will include potentially applicable term rates.

The policyowner's tax advisor will have to decide which pieces of information are appropriate to which agreement and which calculations to use, based on IRS rules. Lincoln will not be able to provide a definitive answer as to the exact calculation that should be used. In order to assist clients in complying with these regulations, Lincoln has developed a worksheet that the client will be able to use with his or her tax advisor.

This page includes a downloadable copy of the worksheet, IRS and company rate charts, and a Frequently Asked Questions document.

Frequently Asked Questions

Worksheets

  • Single Life Worksheet (PDF)- Preview of cover letter and worksheet clients will recieve when a request is made for a single life policy.
  • Joint Life Worksheet (PDF)- Preview of cover letter and worksheet clients will recieve when a request is made for a joint life policy.

IRS Rate Charts

Company Rate Chart - Reporting

If you require assistance from a customer service representative:

Type of product/company Specific policy type Contact Number

Variable Universal Life

Legacy Jefferson Pilot 800-453-8588
Lincoln (current and Legacy) 800-444-2363
Connecticut General 800-444-2363

Universal Life (UL)

Lincoln 800-444-2363
Legacy Jefferson Pilot 800-487-1485
Connecticut General UL (except polices with 5 million policy numbers) 800-444-2363
Connecticut General UL [with 5 million policy numbers (example: CG5123456)] 866-835-3223

Whole Life

Connecticut General Whole Life 866-835-3223
Aetna/ING Aetna/ING 800-334-7586
Lincoln (Fort Wayne) Legacy (Fort Wayne) Lincoln 877-200-8213
First Penn UL, TermUL and MoneyGuard 800-962-1652
Term 888-946-2700
Lincoln Term UL / Lincoln MoneyGuard Lincoln Term UL and Lincoln MoneyGuard 800-962-1654

IRS Circular 230 Disclosure: This material was prepared to support the promotion and marketing of a product. Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S. federal, state or local tax penalties. Clients should consult their own independent advisor as to any tax, accounting or legal statements made herein.

Hello future.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and insurance
company affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN,
and in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products
distributed by broker/dealer-affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities
and investment advisory services offered through other affiliates. Explore Lincoln.



LCN-2008254