Lincoln TermAccel ® Level Term

With Lincoln TermAccel®, you can apply for term life insurance coverage through our quick, secure and fully electronic process. You'll get highly competitive rates from a top life insurance company, plus:
 

It’s simple

  • Simple, convenient phone interview application
  • No lab work required if you meet certain qualifications1
 

It’s fast

  • Quick approval process, with policies issued in as few as two days
  • Your policy is issued in a fraction of the time of a traditional life insurance policy 
     

It’s competitive

  • Offers highly competitive premiums
  • Flexibility to convert your policy to qualifying Lincoln permanent life insurance2           

Whatever the need, Lincoln TermAccel® can help protect what matters most to you.

1 Depending on health history, there is no lab work required for qualified applicants.

2 Convertible prior to the end of the level premium payment period (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: 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: $100,000

Maximum Face Amount: $500,000

Policy Fees:
$100,000-$249,999: $80 payable all years

$250,000-$500,000: $90 payable all years

Term Periods Issue Ages Nationwide
15-Year Term: Non-Tobacco Class 18-50
15-Year Term: Tobacco Class 18-50
20-Year Term: Non-Tobacco Class 18-50
20-Year Term: Tobacco Class 18-50
30-Year Term: Non-Tobacco Class 18-50
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 decrease occurs at the end of the level term period. In some cases after this decrease, the premiums remain at the same level as the preceding ones for the next three premiums, then they increase annually. In other cases, premiums increase after the face decreases, level out for three years, then increase on an annual basis.

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.

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 TermAccel® Level Term, see our Fact Sheet.

Lincoln TermAccel® Level Term is issued on policy form TRM5065/ICC14TRM5065 with endorsement END7013, data pages TA5165, 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. Not available in New York.