Lincoln LifeGuarantee ® UL (2012)
Lincoln LifeGuarantee® UL (2012) is the universal life policy that's guaranteed to be there for your beneficiaries. Guarantees are backed by the claims-paying ability of the appropriate issuing company.
What can Lincoln LifeGuarantee® UL (2012) do for you?
- Lets you protect what's most important with a death benefit that can be guaranteed
- Offers guaranteed premiums
- Can provide you affordable, guaranteed lifetime insurance coverage
Coverage Protection Guarantee
Coverage protection is provided through the Coverage Protection Guarantee (CPG) as long as the necessary funding levels are achieved to maintain a positive coverage protection value. It runs to the insured's age 121 and helps you protect what's most important to you by guaranteeing that your coverage will be there for life.
During the CPG period, the CPG guarantees that the policy will not lapse even if the cash surrender value is insufficient to cover the monthly deductions. Any changes to the policy such as loans, partial withdrawals, changes in the death benefit, changes in scheduled premiums, and adding riders may terminate the guarantee or reduce its duration. In most cases, policy owners may make additional payments to place the guarantee back into effect, but this will result in increased out-of-pocket costs.
Choice and Flexibility
With Lincoln LifeGuarantee® UL (2012), you can choose how to finance your policy by adjusting:
- The amount of the guaranteed death benefit protection
- The amount and frequency of premium payments
- The length of the guarantee period
- Lincoln LifeGuarantee® UL (2012) provides a level death benefit option. Loans or withdrawals offset death benefits.
Accelerated Benefits Rider
The Accelerated Benefits Rider pays out a portion of the death benefit if you were to fall terminally ill or require permanent nursing home care. It may be elected after policy issue. There is a one-time charge for this rider when it is exercised.
Accelerated Benefits Rider with Critical Illness
The Accelerated Benefits Rider with Critical Illness pays out a portion of the death benefit if you were to fall terminally ill, require permanent nursing home care, or need help during a critical illness or condition. There is a one-time charge for this rider when it is exercised. Accelerated death benefits may be taxable and may affect public assistance eligibility. This rider is unavailable in Connecticut, Maryland and Pennsylvania.
Accidental Death Benefit Rider
The Accidental Death Benefit Rider, available at an additional cost, can help offset the financial burden by offering an additional amount in the event of a death due to an accident.
Children's Term Rider
With the Children's Term Rider, available at an additional cost, you have the choice of insuring your child under your own policy.
Disability Waiver of Monthly Deductions Benefit Rider
The Disability Waiver of Monthly Deductions Benefit Rider, available at an additional cost, waives the monthly deduction and other charges if you become totally disabled.
Disability Waiver of Specified Premium Rider
The Disability Waiver of Specified Premium Rider, available at an additional cost, covers you for a monthly specified premium if you become totally disabled.
Guaranteed Insurability Rider
The Guaranteed Insurability Rider, available at an additional cost, gives you the ability to increase your death benefit coverage in the future without additional underwriting.
Minimum Death Benefit Endorsement
The Minimum Death Benefit Endorsement gives you the security of knowing that the beneficiaries will never receive less than the death benefit minus total policy debt (policy loan plus accrued interest) plus $5,000.
Spouse Term Rider
With the Spouse Term Rider, available at an additional cost, you have the choice of insuring your spouse under your own policy.