Effective November 11, 2019, Lincoln is announcing pricing updates on Lincoln LifeGuarantee® UL (2019).
- Premiums have increased 17% on average
- Target premiums have increased to be aligned with updated lifetime level premiums
For states that are approved at rollout there is a 30-day transition period which begins on November 11, 2019 and ends on December 11, 2019. All states will be automatically approved at rollout
- For the old product, formal applications must be signed, dated and received in-good-order in Lincoln’s home office by the end of the transition period to qualify.
- For LincXpress® Tele-App Cases, a complete ticket and required solicitation forms must be received.
- For pending business or policies already issued, Lincoln will accept a written request and a revised illustration to change to the Lincoln LifeGuarantee® UL (2019) – 11/11/19.
- For policies already placed, normal internal replacement guidelines apply. Rewrites will not be allowed.