Lincoln life insurance portfolio at-a-glance

Transcription

1 FOR LIFE Lincoln life insurance portfolio at-a-glance Product Menu The Lincoln National Life Insurance Company Not a deposit Not FDIC-insured May go down in value Not insured by any federal government agency Not guaranteed by any bank or savings association For broker/dealer use only. Not for use with the public

2 Lincoln for Life the leading choice The Lincoln National Life Insurance Company is ranked #1 for total life insurance sales in When you re seeking... Marketplace leadership and consistency Product breadth and innovation Industry-leading underwriting A consultative approach Lincoln offers... a top provider of life insurance focused on solid management principles to sustain market presence in the solution areas you need. a full range of insurance products. Variable universal life Indexed universal life Universal life Term life customer-focused underwriting. competitive offers less hassle industry professionals ready to assist you with case-specific consultations on estate, business and charitable planning; qualified plan opportunities; and executive compensation. Lincoln life insurance portfolio Variable universal life insurance Lincoln VUL ONE * Lincoln SVUL ONE Lincoln AssetEdge VUL (2009) Lincoln PreservationEdge SVUL Lincoln AssetEdge Exec VUL (2009) Universal life insurance Lincoln LifeGuarantee UL Lincoln LifeGuarantee SUL Lincoln LifeCurrent UL Lincoln LifeReserve UL Indexed universal life insurance Lincoln LifeReserve Indexed UL Accumulator Lincoln LifeReserve Indexed UL (2009) Term life insurance Lincoln LifeElements Level Term Lincoln LifeElements One-Year Term *Lincoln VUL ONE 2007 applicable to policies issued on or after February 15, 2010, subject to state availability. The 2010 update to this product may also be administratively referred to as Lincoln VUL ONE (2010). 1 LIMRA Individual Life, 3Q2011 Sales Report. Ranking based on annualized premium among stock-held companies.

3 No-Lapse Guarantee VUL with Key benefits Lincoln VUL ONE (2010) Lincoln SVUL ONE (2007) Lincoln AssetEdge VUL ( Guaranteed lifetime no-lapse death benefit protection Tax-advantaged account value growth potential Tax-advantaged income source 4 Freedom to invest in a diverse portfolio, regardless of riders Guaranteed lifetime no-lapse death benefit protection, payable upon second death Tax-advantaged account value growth potential Tax-advantaged income source 4 Freedom to invest in a diverse portfolio, regardless of riders Significant potential for account value accumulation and liquidity for retirem income 10- to 20-year No-Lapse Protection Key features Reset feature potential for account value growth to eliminate premiums Premium Reserve Rider supplement retirement income without impacting guarantees Client-directed investment options using the Lincoln Elite Series of Funds, including the Protected Profile Funds managed by Lincoln Investment Advisors and options from State Street Global Advisors (SSgA) Choice of GPT or CVAT Reset feature potential for account value growth to eliminate premiums Premium Reserve Rider supplement retirement income without impacting guarantees Client-directed investment options using the Lincoln Elite Series of Funds, including the Protected Profile Funds managed by Lincoln Investment Advisors and options from SSgA Client-directed investment options using the Lincoln Elite Series of Funds, including the Protected Profile Funds managed by Lincoln Investment Advisors and options from SSgA Choice of GPT or CVAT (not available under issue age 15) Prospect needs Estate planning Supplemental retirement income Estate planning /retirement income Estate planning Sales applications Charitable gifting DCA premiums first year/1035 Family (B) Trust single premium Pension Max Roth conversion alternative Single premium scenario SLAT/Private Value Access Charitable gifting strategies DCA premiums first year/1035 Estate equalization ILIT/Dynasty Trusts Roth conversion alternative Single premium scenario Survivorship Paid-up at First Death potential DCA premiums first year/1035 Deferred Comp/SERP/162 Bonus Flexible premium design Return of Premium DB option Roth conversion alternative Supplemental retirement income Underwriting classes and issue ages Preferred nontobacco and tobacco Standard nontobacco and tobacco Preferred nontobacco Standard nontobacco and tobacco Preferred nontobacco and tobacco Minimum specified amount $100,000 $250,000 $100,000 Riders Benefit Selection Option 2 Change of Insured 2 Enhanced Surrender Value 1 Optimal No-Lapse Enhancement (ONE) Premium Reserve 2 Waiver of Monthly Deduction 1 Benefit Selection Option 2 Enhanced Surrender Value 1 Optimal No-Lapse Enhancement (ONE) Premium Reserve 2 Accelerated Benefits (with Critical Illness) 3 Benefit Selection Option 2 Change of Insured 2 Enhanced Surrender Value 1 Waiver of Monthly Deduction 1

4 Focused VUL No-Lapse 2009) Lincoln PreservationEdge SVUL Lincoln AssetEdge Exec VUL (2009) ent Provides cost-efficient death benefit protection, payable upon second death Account value growth potential Ability to pass on a valuable legacy when the second of two insureds dies Tax advantages Comprehensive protection Account value growth potential Ability to pass on a valuable legacy Tax advantages Ability to fund a business life insurance policy while maximizing early year cash surrender value for the balance sheet Provides high cash surrender values in the early years Lincoln LifeGuarantee UL Affordable lifetime guaranteed death benefit protection Competitive level-pay pricing Offers guaranteed premiums Strong internal rate of return Client-directed investment options using the Lincoln Elite Series of Funds, including the Protected Profile Funds managed by Lincoln Investment Advisors and options from SSgA Potential for account value accumulation and liquidity for retirement income 4 Client-directed investment options using the Lincoln Elite Series of Funds, including the Protected Profile Funds managed by Lincoln Investment Advisors and options from SSgA Significant potential for account value accumulation and liquidity for retirement income 4 Spread compensation Two enhanced value options high and low 1035 exchange forgiveness feature Guaranteed Issue availability Premium relief feature Estate planning Charitable gifting strategies DCA premiums first year/1035 Estate equalization Flexible premium designs ILIT/Dynasty trusts Private split dollar Return of Premium DB Option Preferred nontobacco Standard nontobacco and tobacco Retirement income (small business/coli) Small/medium-size executive benefit case market (Available for group Guaranteed Issue and Simplified Issue sales) Buy-sell corporate funding/key person Deferred compensation/serp/162 Bonus LifeComp Suite/Non-409A Fully underwritten for individual sales only in very limited circumstances Preferred nontobacco and tobacco Simplified Issue Guaranteed Issue Buy-sell funding Group life replacement Key person LifeLINC program (asset leverage) Pension Max Term vs. permanent strategies Preferred nontobacco and tobacco Standard nontobacco and tobacco Simplified Issue: Guaranteed Issue: $250,000 $100,000 ($50,000 for Guaranteed and Simplified Issue) $100,000 ($60,000 Guaranteed Issue) Supplemental Term Insurance 1 Benefit Selection Option 2 Change of Insured 2 Exec Enhanced Surrender Value (automatically included) 1 Waiver of Monthly Deduction 1 Minimum Death Benefit Spouse Term 1

5 Guarantee UL Current Assumption UL Lincoln LifeGuarantee SUL Lincoln LifeCurrent UL Lincoln LifeReserve UL Affordable lifetime guaranteed death benefit protection, payable upon second death Competitive level-pay pricing Offers guaranteed premiums Strong internal rate of return Protection with a 20-year secondary death benefit guarantee, while providing significant policy growth value Ability to adjust premium payments and coverage amount over time Protection with strong long-term policy value growth potential Provides ability for clients to fund their policies to help ensure that they meet future financial needs 1035 exchange forgiveness feature Premium relief feature Coverage protection guarantee for the shorter of 20 years or age 90 Premium relief feature Zero loan spread on nonguaranteed basis Durational interest bonus Preferred loans after year 10 Supplemental coverage rider Business continuity Estate tax planning Estate tax planning Retirement income ILIT/Dynasty Trust Private Split Dollar/Pricing Financing Roth alternative Annuity Max/IRA Max Key person/buy-sell funding Pay-up survivorship Supplemental retirement income Term vs. permanent/rated for older ages College funding Deferred compensation/162 Bonus/SERP LifeComp Suite/Non-409A Personal retirement Older Age Rated Cases/Tiered Premium Roth alternative Preferred nontobacco Standard nontobacco and tobacco Preferred nontobacco and tobacco Standard nontobacco and tobacco Simplified Issue Preferred nontobacco and tobacco Simplified Issue Guaranteed Issue $100,000 $100,000 $25,000 ($100,000 for full underwriting on age 71 and over) Accelerated Benefits (1st Death) 3 Accelerated Benefits (without 1st Death) 3 Estate Protection 1 Minimum Death Benefit Policy Split Option 1 Spouse Term 1 Accelerated Benefits (with Critical Illness) 3 Assured Distribution Endorsement Change of Insured 1 Disability Waiver Monthly Deductions 1 Disability Waiver Specified Premium 1 Exec Rider 1 Overloan Protection Endorsement 3 Spouse Term 1 Supplemental Coverage 1 Guarantees are backed by the claims-paying ability of the issuing company.

6 Indexed UL Lincoln LifeReserve Indexed UL Accumulator Lincoln LifeReserve Indexed UL (2009) Strong growth and tax-advantaged income distribution potential Upside opportunity with no exposure to negative downturns, combined with a 1% guarantee Optional Exec Rider can build account value to help meet long-term income 4 and protection needs Cost-efficient death benefit protection with potential for policy value growth Upside opportunity with no exposure to negative downturns, combined with a 1% guarantee Higher cap rate on 1-year point-to-point indexed account, currently 13% 10-year 100% ROP with Exec Rider Participating loans with Overloan Protection Endorsement Performance linked to one index, the S&P 500 Three indexed account options Level term riders Participating loans with Overloan Protection Endorsement Performance linked to one index, the S&P 500 Three indexed account options High early surrender values with Exec Rider Supplemental retirement income Supplemental retirement income Annuity Max/IRA Max College funding Key person/buy-sell funding Pension Max Personal retirement Premium financing Roth alternative /Financing Annuity Max/IRA Max College funding Key person/buy-sell funding Pension Max Personal retirement Roth alternative /Financing Term vs. permanent/rated Preferred nontobacco and tobacco Simplified Issue Guaranteed Issue Preferred nontobacco and tobacco Simplified Issue Guaranteed Issue $100,000 ($25,000 Guaranteed Issue) $100,000 ($25,000 Guaranteed Issue) Change of Insured Exec Rider 1 Overloan Protection Endorsement 3 Supplemental Term Insurance on Primary Insured (Table reduction program not available with this rider) 1 Supplemental Term on Other Insured 1 Change of Insured Overloan Protection Endorsement 3 Supplemental Term Insurance on Primary Insured (Table reduction program not available with this rider) 1 Supplemental Term on Other Insured 1 Not all riders are available. 1 Available at an additional cost. 2 Please see prospectus for additional information, including possible additional costs. 3 One-time charge applied when benefit is exercised. Accelerated death benefits may be taxable and may affect public assistance eligibility. 4 Income is provided through loans and withdrawals which reduce the policy s cash value and death benefit.

7 Key benefits Lincoln LifeElements Level Term Affordable life insurance protection Offers guaranteed level premium period (10, 15, 20 or 30 years) Term Lincoln LifeElements One-Year Term Temporary one-year life insurance protection Not renewable or convertible Key features Affordable level term coverage guaranteed for a specific period of time Convertible to permanent life insurance coverage with no new medical exams All rates are unisex Prospect needs Buy-sell Sales applications Buy-sell/Key person Mortgage protection Survivorship Paid-up Funding Provides temporary insurance while clients are making longer-term financial decisions Underwriting classes and issue ages 10-year (18 70 in WA) 15-year year year nontobacco year tobacco Standard 0 99 Substandard (smoker) 0 99 Minimum specified amount $250,000 $1,000 Riders Accelerated Benefits 4 Waiver of Premium 1 None Not all riders are available. 1 Available at an additional cost. 2 Please see prospectus for additional information, including possible additional costs. 3 One-time charge applied when benefit is exercised. Accelerated death benefits may be taxable and may affect public assistance eligibility. Guarantees are backed by the claims-paying ability of the issuing company.

8 HELPING PEOPLE FACE THE FUTURE WITH CONFIDENCE At Lincoln Financial Group, we ve spent more than 100 years living up to the character of our namesake: integrity, honesty, and the belief in a better tomorrow. We provide advice and solutions to help people save for tomorrow, secure and maximize their income, protect themselves and their loved ones, and prepare for the unexpected. INCOME LIFE RETIREMENT GROUP BENEFITS Not a deposit Not FDIC-insured Not insured by any federal government agency Not guaranteed by any bank or savings association May go down in value 2012 Lincoln National Corporation Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations. LCN ECG 2/12 Z04 Order code: LIF-MENU-BRC008 This material was prepared to support the promotion and marketing of insurance and investment products. Lincoln Financial Group affiliates, their distributors, and their respective employees, representatives, and/ or insurance agents do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein. Standard & Poor s, S&P, S&P 500, Standard & Poor s 500, and 500 are trademarks of Standard & Poor s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and have been licensed for use by Lincoln Variable Insurance Products Trust and its affiliates. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor s and Standard & Poor s makes no representation regarding the advisability of purchasing the Product. Lincoln variable life insurance policies are issued on policy forms LN696, LN697, LN698, and LN699 and respective state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN, and are distributed by Lincoln Financial Distributors, Inc., a broker/dealer. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so. Policy values will fluctuate and are subject to market risk and to possible loss of principal. For broker/dealer use only. Not for use with the public. Lincoln LifeElements Level Term (2012) and Lincoln LifeElements One-Year Term are issued on policy forms TRM5065, LN485 and state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN. Lincoln universal life insurance is issued on policy forms UL5023, UL5041, UL5049, UL5051, UL5062, SUL5030 and state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker/dealer. In some states, contract terms are set out and coverage may be provided in the form of certificates issued under a group policy issued by The Lincoln National Life Insurance Company to a group life insurance trust. All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claimspaying ability of the issuer. Variable products are sold by prospectus, which contains the investment objectives, risks, and charges and expenses of the variable product and its underlying investment options. Read carefully. Products and features are subject to state availability. Limitations and exclusions may apply. Not for use in New York.