Lincoln Duration UL Approved in CA!
September, 2010 – Lincoln DurationGuaranteeSM UL (Approved in CA!) contains most of the benefits of a universal life product but also resembles term insurance in that it provides competitive premiums for short-term guarantee durations. The guarantee duration is based on the selection of a Coverage Protection Guarantee Term Option and the options are: 10-year, 15-year, 20-year, 25-year, 30-year and to age 95.
It is important to select the Term Option duration that meets or exceeds the client’s insurance needs because the cost for the coverage will increase dramatically following the elected period. For example, if the client needs guaranteed coverage for 17 years, it is generally better to select the 20-year term than the 15-year term because the additional two years needed beyond the guaranteed 15-year term period could be cost prohibitive.
- All rates guaranteed
- Competitive at ages where term insurance is not typically available or cost effective
- Reduced premiums during the guaranteed term period
- Ability to select Term Period Option to meet individual needs
- Ability to receive 1035 Exchange funds
Key Features Following are the key features of Lincoln DurationGuaranteeSM UL:
