Lincoln: Enhanced Underwriting Program

09-11-2023

Available for a limited time only

Lincoln is pleased to announce that effective Sept. 11, 2023, they are offering an enhanced underwriting program to provide even more value with their accumulation-focused variable (VUL) and indexed (IUL) universal life insurance product solutions.

What you need to know

Lincoln AssetEdge® VUL and Lincoln WealthAccumulate® 2 IUL cases, subject to full underwriting and received at Lincoln in good order by Dec. 29, 2023, will receive a one-class underwriting upgrade.

Eligibility details and requirements

The following will be eligible for the enhanced underwriting program. All cases that are eligible for program will receive the one-class upgrade:

• Products: 
  • Lincoln AssetEdge® VUL
  • Lincoln WealthAccumulate® 2 IUL
• Case submission guidelines
  • New submissions received at Lincoln in good order by Dec. 29, 2023, and placed in-force, or 1035 exchange initiated, by Mar. 29, 2024
  • All pending cases not placed in-force as of Sept. 11, 2023 will be eligible, including cases in an issued status and/or pending 1035 exchanges in progress
  • All submission methods (electronic/traditional tickets and applications)
• Issue age/face amounts
  • Issue ages 20-80
  • Face amounts less than $50 million
  • Subject to age/risk class guidelines based on product applied for
  • Per current guidelines, backdating from age 81 to age 80 will not be permitted to qualify
• Underwriting
  • Fully underwritten cases, at a standard or better rating only; subject to current underwriting guidelines
  • Lab-free consideration
  • Underwritten internal exchange
  • Formal offers only
• Exclusions
  • The following scenarios will NOT be eligible for the enhanced underwriting program:
    • Policies placed in-force prior to Sept. 11, 2023; rewrites will not be permitted
    • New submissions received at Lincoln after Dec. 29, 2023
    • Trial Applications (Informal/Dummy Application); the formal application must be received at Lincoln by Dec. 29, 2023 to be eligible for the one-class upgrade
    • Riders; the one-class upgrade only applies to the base product
    • Face amounts $50 million and above
    • Term conversions
    • Substandard/table-rated cases
    • Lincoln WealthAccumulate® 2 IUL cases assessed at standard through the Table Reduction Program (TRP)
    • The one-class underwriting upgrade cannot be used to be eligible for TRP consideration for Lincoln WealthAccumulate 2 IUL cases.
  • Note: The Table Reduction Program (TRP) will temporarily be suspended for all Lincoln AssetEdge® VUL case submissions during this program. TRP availability for Lincoln AssetEdge VUL will resume for cases submitted on or after Jan. 1, 2024.

Please refer to the document below to read through the FAQs, and please let us know if you have any questions about the upgrade program.