BSMG Blog: Protecting the Future of Families and Businesses

Coming Soon – Lincoln VULONE (2021) and Lincoln SVULONE (2021)

Posted by Brokers' Service on 4 Feb 2021

Our new Lincoln VULONE (2021) suite launches on February 16! It’s the same Lincoln VULONE you’ve always relied on, now with more options. You can continue to offer guaranteed lifetime death benefit protection with market-driven growth potential, while also offering options that can reduce cost and increase your cash value and death benefit protection.

  • No premium restrictions — the premium restriction applied to the Lincoln VULONE (2019) suite will not apply to the new products

  • Two guaranteed lifetime death benefit options

  • NEW Bonus Rider for more growth opportunity

Product Highlights

Guaranteed Lifetime Protection – No Matter How the Market Performs

Two lifetime Guaranteed Minimum Death Benefit (GMDB) protection options:

  • 100% Lifetime Guaranteed Death Benefit

  • NEW! Premium Reduction Option via Lifetime Guaranteed Death Benefit with 50% drop at age 90

    • For Lincoln VULONE (2021) this option reduces premium by 16% on average over the 100% Lifetime Guaranteed Death Benefit Option

    • For Lincoln SVULONE (2021) this option reduces premium by 25% on average over the 100% Lifetime Guaranteed Death Benefit Option

Growth Opportunities

Market growth potential with more than 75 investment options and no restrictions

  •  Tax-deferred growth potential

  • The freedom to craft policy portfolios from conservative to aggressive

  • Passive or hybrid management, without impacting the guaranteed protection

  • Automatic rebalancing

Options to Enhance Protection and Cash Value Potential

NEW! Bonus Rider

  • The Bonus Rider gives the policy holder the option to utilize cash value within the policy to pursue increased upside potential through indexed features. The rider takes an annualized charge from the Separate Account to purchase an uncapped option on the S&P 500 with a 0% floor and a participation rate (set at the time of option purchase). This rider includes an additional No-Lapse Value premium load.

Permanent Rewards for Strong Performance with the Accumulation Value Threshold

If the policy exceeds a pre-determined threshold, the policy’s Death Benefit is guaranteed, and excess cash value can be accessed without impacting the guarantee.

Product Updates

The first-year premium limit of $500,00 previously imposed on Lincoln VULONE (2019) and Lincoln SVULONE (2019) will not apply to Lincoln VULONE (2021) and Lincoln SVULONE (2021).

Available Riders

The following riders are available, subject to state availability, on Lincoln VULONE (2021):

  • Bonus Rider (NEW!)

  • Accelerated Benefits Rider (with critical illness)

  • Accelerated Benefits Rider

  • Long-Term Care Rider (LTC Rider)

  • Lincoln LifeAssure® Accelerated Benefits Rider

  • Lincoln LifeEnhance® Accelerated Benefits Rider

  • Enhanced Surrender Value Rider

  • Change of Insured Rider

  • Waiver of Monthly Deductions

  • Optimal No-Lapse Enhancement Rider (included automatically)

  • Over-loan Protection Rider (included automatically)

  • Premium Reserve Rider (included automatically in approved states)

The following riders are available, subject to state availability, on Lincoln SVULONE (2021):

  • Bonus Rider (NEW!)

  • Enhanced Surrender Value Rider

  • Estate Protection Rider

  • Optimal No-Lapse Enhancement Rider (included automatically)

  • Over-loan Protection Rider (included automatically)

  • Premium Reserve Rider (included automatically in approved states)

Product Availability

New Business applications will be accepted on February 16, 2021 in approved states. Please note, the new products will not be filed in New York.

Prospectus

There will be a new prospectus for each of these products: Lincoln VULONE (2021) and Lincoln SVULONE (2021). They will be made available on February 16, 2021.

 

Click here to view product details.

Topics: Life Insurance, Insurance Products & Solutions, Insurance Industry News

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