Lincoln Financial Group recently launched Lincoln VULONE (2010), a hybrid product combining the no-lapse benefits of a universal life policy with the growth potential and protection of a variable policy with guarantees, the company said.
Issued by the Lincoln National Life Insurance Co., Lincoln VULONE (2010) is designed to meet evolving client needs by providing death benefit protection and investment flexibility, according to the Pennsylvania-based insurer.
Key features of the policy include guaranteed death benefit protection for beneficiaries with the Optimal No-Lapse Enhancement (ONE) rider, an enhanced reset feature offering the opportunity to eliminate premiums sooner and the ability to access excess account value without impacting guarantees through the premium reserve rider.
“With Lincoln VULONE (2010), Lincoln now offers clients an even stronger solution,” said Josh Durand, assistant vice president/ variable life product leader, in a statement. “The enhanced reset feature provides the potential for account value growth to eliminate required premiums and lock-in a guaranteed lifetime death benefit, regardless of future market conditions.”
Lincoln Financial enhances hybrid variable UL product via IFAwebnews.com .
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