It is possible coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.
Variable Universal Life insurance products are issued on contract/policy forms ICC19-VUL686/ICC19ONER-686, 20-VUL689/20NLER-620, ICC20-VUL688/20-VUL688, ICC19-SVUL687/19-SVUL687 and state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN, and offered through broker-dealers with an effective selling agreement. Products and features are subject to state availability.
Policies sold in New York are issued on policy form LN683 by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc. Contractual obligations are subject to the claims-paying ability of Lincoln Life & Annuity Company of New York.
The No-Lapse provision will terminate if the death benefit option is changed. After the no-lapse benefit expires or terminates, the accumulation value must be sufficient to keep the policy in force or additional premiums will be required to avoid a policy lapse. This feature may not be available in all states. In Illinois, this provision must be referred to as Coverage Protection.
Guarantees subject to the financial strength of the issuer.
Variable Life insurance products are sold by prospectus. Consider the investment objectives, risks, charges, and expenses of the variable product and its underlying investment options carefully before investing. The prospectus contains this and other information about the variable product and its underlying investment options. Please review the prospectus available online for additional information. Read it carefully before investing.
Policy values will fluctuate and are subject to market risk and to possible loss of principal.