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Coming Soon! Lincoln LifeElements® Level
Term (2014) – rates as of 8/10/15
Lincoln is pleased to announce pricing improvements to Lincoln LifeElements Level
Term (2014). Effective August 10, 2015, the following improvements will be made to
Lincoln LifeElements Level Term (2014):

Product Highlights
Premiums have either been reduced or stayed the same with the goal of solidifying
key competitiveness at ages 45+ with face amounts of $500k+ in addition to:
• Being a top 3 carrier at $500,000 of death benefit at ages 55 and above
• Being a top 3 carrier at $1 million of death benefit at ages 45 and above
• Quarterly billing mode will now require premium payments through EFT

Transition Guidelines
All states will be automatically approved at rollout, with the exception of:
• Puerto Rico – pending approval of the 2014 base product
• Oregon and Washington – pending approval of the 08/10/15 reprice
New York – not included in the 08/10/15 reprice

For approved states, the following will apply at rollout:
New applications received on or after August 10, 2015 will automatically
receive the new lower premiums if applicable. A request to use the new
rates will not be required.

Applications currently in underwriting that are issued on or after August
10, 2015 will automatically receive the new lower premiums if applicable.
A request for the new rates will not be required.
o If the application was submitted with premium using the previously
higher rates, the difference will be automatically refunded.

For policies already issued, New Business will require notification of the
desired change to reissue the policy at the new rates.

For policies already placed, we will not allow rewrites to the new Lincoln
LifeElements Level Term (2014) – rates as of 08/10/15.

For states approved after rollout, the above will automatically apply as of the state availability date.  Click here for the PDF and more!!!!

 

 

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