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Lincoln TermAccel ®
Level Term

An ideal solution for the middle-market clients, Lincoln TermAccel offers clients competitive rates , a fully electronic process , and the ability to convert to a Lincoln permanent life policy. 1 There’s no lab work for clients who meet certain qualifications2, and policies are issued in a fraction of the time compared to traditional life insurance. This term is so innovative that Lincoln has received recognition from Celent as the 2017 winner of their Digital Model Insurer Award.

Consider Lincoln TermAccel for younger cost-conscious clients who like convenience, and may be beginning their careers or starting families.

Easy Electronic Process

Step 1: Ticket Submission and Tele-App
  • Submit an eticket
  • When case is deemed 'in good order', an email will be sent to the client with a link to schedule their Tele-App interview. If no appointment is scheduled within 24-48 hours, Lincoln will call the client to schedule. A phone interview, in English only, will be conducted with a dedicated Lincoln team member.
Step 2: Underwriting
  • Lincoln confirms client identification through Rx, MVR, and MIB query
  • Labs waived for qualifying clients, or Lincoln orders vitals and physical measurements (height, weight, blood pressure, fluids)
Step 3: eDelivery
  • If accepted, eDelivery of policy—providing same-day access for client delivery

Product Details

  Lincoln TermAccel® Level Term
Face Amounts Minimum: $100,000
Maximum: $500,000
Term Duration 15/20/30 years
Ages    18-50
Underwriting Automated. No paper applications. No attending physician statement (APS) required.
Up to a Table D rating
Policy Fee Payable all years
$100,000-$249,999:  $80
$250,000-$500,000: $90
Prepay Discount No
Banding Band 1: $100,000-$249,999
Band 2: $250,000-$499,999
Band 3: $500,000

1Convertible 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. 
2Depending on health history, there is no lab work required for qualified applicants.