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:
- Simple, convenient phone interview application
- No lab work required if you meet certain qualifications1
- 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
- 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.
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
$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.
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.