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
Transition Guidelines:
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.
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