LINCOLN LIFEGUARANTEE PLUS® UL (2009)
Universal Life Insurance providing lifetime death benefit protection with a secondary guarantee and strong potential for account value growth
Lincoln LifeGuarantee Plus® UL is the universal life policy that's guaranteed to be there for your beneficiaries. Lincoln LifeGuarantee Plus can also build account value tax-deferred for your future use. Guarantees are backed by the claims-paying ability of the appropriate issuing company.
What can Lincoln LifeGuarantee Plus® UL do for you?
- Lets you protect what's most important with a death benefit that can be guaranteed
- Allows you to fund your policy so that it can build substantial account value over time
Coverage Protection Guarantee
The Coverage Protection Guarantee (CPG) is a rider which is automatically included with the base policy at issue. It runs to the insured's age 121 and helps you protect what's most important to you by guaranteeing that your coverage will be there for life. Here's how:
During the CPG Period, the CPG guarantees that the policy will not lapse even if the cash surrender value is insufficient to cover the monthly deductions. Any changes to the policy such as loans, partial withdrawals, changes in the death benefit, changes in scheduled premiums, and adding riders may terminate the guarantee or reduce its duration. In most cases, policyowners may make additional payments to place the guarantee back into effect, but this will result in increased out-of-pocket costs. Policyowners may forego the advantage of building up a significant account value by paying only the premium required to keep the CPG in effect.
Choice and Flexibility
With Lincoln LifeGuarantee Plus®UL, you can choose how to finance your policy by adjusting:
- The amount of the guaranteed death benefit protection
- The amount and frequency of premium payments
- The length of the guarantee period
For people who are looking for cost-efficient protection, or for those whose financial needs will grow in the future, Lincoln LifeGuarantee Plus UL provides two death benefit options:
- Death Benefit Option 1 (level face amount)
- Death Benefit Option 2 (face amount plus account value)
Loans or withdrawals offset death benefits under any of the two options. Ask your advisor which option is best for you.
|Accelerated Benefits Rider|
|The Accelerated Benefits Rider, available at an additional cost, pays out a portion of the death benefit if you were to fall terminally ill or require permanent nursing home care. It may be elected after policy issue. Please note that in New York, this rider applies to terminal illnesses only and provides no coverage for nursing home stays. Accelerated death benefits may be taxable and may affect public assistance eligibility.|
|Accelerated Benefits Rider with Critical Illness|
|The Accelerated Benefits Rider with Critical Illness, available at an additional cost, pays out a portion of the death benefit if you were to fall terminally ill, require permanent nursing home care, or need help during a critical illness or condition. Accelerated death benefits may be taxable and may affect public assistance eligibility. This rider is unavailable in CT, MD, NY and PA.|
|Accidental Death Benefit Rider|
|The Accidental Death Benefit Rider, available at an additional cost, can help offset the financial burden by offering an additional amount in the event of a death due to an accident.|
|Children's Term Rider|
|With the Children's Term Rider, available at an additional cost, you have the choice of insuring your child under your own policy.|
|Disability Waiver of Monthly Deductions Benefit Rider|
|The Disability Waiver of Monthly Deductions Benefit Rider, available at an additional cost, waives the monthly deduction and other charges if you become totally disabled.|
|Disability Waiver of Specified Premium Rider|
|The Disability Waiver of Specified Premium Rider, available at an additional cost, covers you for a monthly specified premium if you become totally disabled.|
|Guaranteed Insurability Rider|
|The Guaranteed Insurability Rider, available at an additional cost, gives you the ability to increase your death benefit coverage in the future without additional underwriting.|
|Minimum Death Benefit Endorsement|
|The Minimum Death Benefit Endorsement gives you the security of knowing that the beneficiaries will never receive less than the death benefit minus total policy debt (policy loan plus accrued interest) plus $5,000.|
|Spouse Term Rider|
|With the Spouse Term Rider, available at an additional cost, you have the choice of insuring your spouse under your own policy. This rider is unavailable in New York.|
Contact your financial advisor today to learn how Lincoln LifeGuarantee Plus® UL can help protect your legacy.
Important disclosures. Please read.
Lincoln LifeGuarantee Plus®UL is issued on policy form UL5049 and state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN. The Lincoln National Life Insurance Company is not authorized, nor does it solicit business in the state of New York. In some states, contract terms are set out and coverage may be provided in the form of certificates issued under a group policy issued by The Lincoln National Life Insurance Company to a group life insurance trust. Contractual obligations are backed by the claims-paying ability of The Lincoln National Life Insurance Company.
Policies sold in New York are issued on policy form UL5049N by Lincoln Life & Annuity Company of New York, Syracuse, NY.; The contractual obligations are backed by the claims-paying ability of Lincoln Life & Annuity Company of New York.
Product and features subject to availability.
This material was prepared to support the promotion and marketing of universal life insurance products. 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. Please consult with your own independent advisor as to any tax, accounting, or legal statement made herein.
Not a deposit. Not FDIC-insured. Not insured by any federal government agency. Not guaranteed by any bank or savings association. May go down in value.