Lincoln LifeElements ® Level Term

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, weve made the process simpler and faster, plus:

Its competitive

  • Offers highly competitive premiums for larger amounts of coverage with the support of an industry-leading underwriting team

Its convenient

  • Simple, convenient phone interview application available
  • No lab work required if you meet certain qualifications2

Its flexible

  • 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.

2Depending on health history, there is no lab work required for qualified applicants who apply for coverage through the 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.     


Product Details

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, 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
10-Year Term: All Classes 18-80
15-Year Term: Non-Tobacco Class 18-75
15-Year Term: Tobacco Class 18-70
20-Year Term: Non-Tobacco Class 18-70
20-Year Term: Tobacco Class 18-65
30-Year Term: Non-Tobacco Class 18-55
30-Year Term: Tobacco Class 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 while 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 (2017) policy to a permanent life insurance policy that Lincoln makes available without going through the underwriting process again.

Supplemental Benefits

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.

Childrens 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, see our Fact Sheet.

Lincoln LifeElements® Level Term (2017) is issued on policy form TRM6063/ICC14TRM6063 and state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.

All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.

Products, riders and features are subject to state availability. Limitations and exclusions may apply.