Do more with life insurance

Permanent Life polices offer coverage up to life time plus tax-advantages opportunities to protect and increase your retirement savings and income and may allow you to access the benefits during your lifetime.

Permanent Life policies are often customizable and flexible. You choose the amount and frequency of the premium payments, and you select the amount and duration of your coverage, up to lifetime protection. You can access potential cash value during your lifetime for things like supplementing your retirement, paying for college, and purchasing a second home.

A quick comparison

Use this chart to start a conversation with your financial professional. Permanent Life insurance includes* Universal Life, Indexed Universal Life and Variable Universal Life.

  Universal Indexed Universal Variable Universal
Your protection goal Protection up to a lifetime Extended, guaranteed protection You choose the amount and duration of your protection.
Your growth goal Low: Get some growth of your cash value Medium: Grow your cash value with some protection from market loss. High: Aim to build wealth and access your cash value during your lifetime
How your cash value grows1 Interest is earned at a set rate Interest is tied to a market index like the S&P 5002 Interest and cash value fluctuate with the market based on your investment options
Access to cash value Income Tax-free3 Income Tax-free3 Income Tax-free3
What makes it different

Flexibility in setting the premiums and death benefit. And duration/length of time.

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Flexibility to invest in indexed accounts. You can benefit from the market’s upside while gaining protection against the downside. Options to access the cash value during your lifetime.

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These policies have the greatest potential for growth. You may be able to choose where your premiums are invested.

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Medical and long-term care expenses

Paying for health-related expenses, like those generated by long-term care or chronic illness, could burden your family and deplete your portfolio. You can add riders4 to your policy to build in protection for your family and portfolio.

Add more protection to your long-term plan

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Interested in financing your premiums?

Premiums, or the payments you make to purchase the policy, can be structured to meet your needs, allowing you to plan for expenses. Individuals and business owners who need large amounts of protection but don’t want to liquidate assets, can consider financing their premiums.

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Live outside the U.S.?

Life insurance can help diversify your global portfolio.

Learn more about diversifying

*Whole life is also a permanent life insurance option but not offered by Lincoln Financial Group.

1With the potential for higher returns there is more expenses involved with the policy (subaccount fees, M&E and the like). 

2The S&P 500® is a price index and does not reflect dividends paid on the underlying stocks. It is not possible to invest directly in an index.

3Distributions are taken through loans and withdrawals which reduce a policy’s cash surrender value and death benefit and may cause the policy to lapse.  Loans are not considered income and are tax free. Withdrawals and surrenders are tax-free up to the cost basis, provided the policy is not a modified endowment contract (MEC). A MEC policy is one in which the life insurance limits exceed certain high levels of premium, or the cumulative premium payments exceed certain amounts specified under the Internal Revenue Code. For policies that are MECs, distributions during the life of the insured, including loans, are first treated as taxable to the extent of income in the contract, and an additional 10% federal income tax may apply for withdrawals made prior to age 59½.

4Riders are available at an additional cost and subject to restrictions.

 In New York, Lincoln LifeElements® One-year Term and Lincoln LifeElements® Level Term (10-year) will only be available for contractual obligations. Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide estate, tax, accounting, or legal advice. Please consult an independent professional as to any tax, accounting, or legal statements made herein.

It is possible coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.