Life insurance offers financial security by securing financial protection for your loved ones, protecting your wealth/business or even paying for college or supplementing your retirement income. There are many factors to consider when choose a life insurance product. Lincoln Financial Group offers multiple products within each life insurance category, so finding coverage fit to your life is easy to do.
Term life insurance through Lincoln Financial Group’s Lincoln TermAccel® Level Term
Lincoln LifeElements® Level Term are the most economical kind of life insurance coverage you can buy from Lincoln. This type of policy offers a fixed premium and coverage over a specific period of time (10, 15, 20 or 30 years). The death benefit is guaranteed within this term and not subject to market fluctuations. However, it does disappear once the term has ended and holds no cash value. This means, there is no return on your investment once the life of the plan runs out.
Lincoln Financial Group’s universal life insurance products offer permanent life insurance protection with a guaranteed benefit extending throughout your lifetime. You also have the potential to build a cash value within your policy that can be used for other expenses. This growth is set at a guaranteed rate and earnings are tax-deferred. With these plans, you also enjoy the flexibility of changing your premium amount and adjusting the amount of your death benefit. Products include:
- Lincoln LifeGuarantee® UL
- Lincoln LifeCurrent® UL
- Lincoln LifeReserve® UL
- Lincoln LifeGuarantee® SUL
- Lincoln LifeReserve® Indexed UL Accumulator
- Lincoln WealthAdvantage® Indexed UL
- Lincoln WealthPreserve® Survivorship Indexed UL
Variable life insurance is also available from Lincoln Financial Group and combines features of the two types of insurance above with added investment options. Policyholders receive a guaranteed death benefit, tax-deferred cash accumulation at a guaranteed rate and the adjustable death benefits and premiums offered with the other plans. In addition, these policies give the option to invest the accumulated cash in stocks and bonds. Lincoln Financial Group offers single life and survivorship (two people insured) products.