Lincoln LifeElements ® Level Term (2019)
Protecting your family or your business from life’s “what ifs” with life insurance should be affordable and easy.
High-value protection for your family, your business or both
Lincoln LifeElements® Level Term provides guaranteed income-tax free death benefit protection now with optional choices you may want for tomorrow. Maybe you need additional protection for just a certain number of years while you’re paying for your children’s education, or to help your family cover mortgage costs and other expenses if you’re no longer here. Whatever your need, we’ve made the process simpler and faster, plus:
- Offers highly competitive premiums for larger amounts of coverage with the support of an industry-leading underwriting team1
- Simple, convenient phone interview application available
- Opportunity of no lab work requirements if you meet certain qualifications2
- The flexibility to convert your policy to a Lincoln permanent life insurance policy3
- Opportunities to add features to meet individual needs
Whatever the need, Lincoln LifeElements® Level Term can help protect what matters most.
1Rates in New York vary from the national version.
2Available to age 60 with face amounts to $1 million, there is an opportunity for no lab work for qualified applicants who apply for coverage through the LincXpress® Tele-App process.
3Convertible prior to the end of the level premium payment period (10, 15, 20 or 30 years) or prior to insured’s attained age 70, whichever comes first. Ask your advisor what opportunities may apply to you.
Guaranteed Level Premium Period: 10, 15, 20 or 30 years. The premium scale will be guaranteed for the entire level premium period. After the level premium period, if you continue the contract, the premiums will increase annually until age 95.
Minimum Face Amount: $250,000
Maximum Face Amount: Subject to individual consideration and underwriting limits.
Policy Fees: $90 for all term periods.
|Term Periods||Issue Ages Nationwide||Issue Ages in New York|
|10-Year Term: All Classes||18-80||18-69|
|15-Year Term: Non-Tobacco Class||18-75||18-69|
|15-Year Term: Tobacco Class||18-70||18-69|
|20-Year Term: Non-Tobacco Class||18-70||18-69|
|20-Year Term: Tobacco Class||18-65||18-65|
|30-Year Term: Non-Tobacco Class||18-55||18-55|
|30-Year Term: Tobacco Class||18-50||18-50|
What happens at the end of the level premium period?
After the selected term period, a one-time face amount decrease occurs. You can elect to continue coverage and premiums will increase annually.
Covering your changing needs
Death Benefit (face amount) decreases will be allowed beginning in year four, subject to the minimum face amount requirement.
Before the end of your level term period, or to attained age 70, whichever is earlier, you can convert your Lincoln LifeElements® Level Term (2019) policy to a permanent life insurance policy that Lincoln makes available without going through the underwriting process again.
Accelerated Benefits Rider
Pays out a portion of the death benefit if you were to develop a terminal illness likely to result in death within six months. Accelerated death benefits may be taxable and may affect public assistance eligibility. There is a one-time charge if this rider is exercised.
Children’s Level Term Insurance Rider
Available at an additional cost, provides level term coverage for all children of the insured.
Waiver of Premium Rider
Available at an additional cost, waives premium payments during the disability period of an insured who becomes totally disabled.
For complete information about Lincoln LifeElements® Level Term (2019), see our Fact Sheet.