Coming Soon: Lincoln DurationGuarantee UL

Effective August 16, 2010, Lincoln will introduce a new addition to its Universal Life product portfolio, Lincoln DurationGuarantee UL. This new product does not replace any other universal life or term product within the portfolio.

Lincoln DurationGuarantee UL 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.

Key Features

Following are the key features of Lincoln DurationGuarantee UL:

• 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

Rider Availability

The following riders are available on Lincoln DurationGuarantee UL subject to state availability:

• Children's Term Insurance Rider
• Disability Waiver of Monthly Deductions Benefit Rider
• Accelerated Benefits Rider (with critical illness)
• Accelerated Benefits Rider (without critical illness)
• Minimum Death Benefit Endorsement
• Coverage Protection Guarantee Rider (included automatically)

Product Availability

New business applications will be accepted on Monday, August 16, 2010 in states where Lincoln DurationGuarantee UL has been approved.

If applications for a different Lincoln product are already in house and your client would prefer Lincoln DurationGuarantee UL, please contact New Business or your underwriter to make the change.

Illustration Availability

To run illustrations on this product, you must have the current version of the Lincoln DesignIt Illustration software (v9.0) which is available for download from the Lincoln websites. If you have an active internet connection, the software will automatically update on August 16, 2010.