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United States : LNC announces extending its Survivorship life insurance suite with SIUL

August 12, 2014

Lincoln Financial Group (LNC) recently declared about its expansion suite of Survivorship life insurance solutions with Lincoln WealthPreserve, Survivorship Indexed Universal Life (SIUL), Lincoln s first SIUL offering.

For executing the wealth preservation and estate planning strategies for customers, Lincoln WealthPreserve, SIUL allows advisors and provides cash accumulation and income potential in a tax-efficient manner.

Survivorship life insurance is a powerful tool to help clients achieve legacy and estate planning goals, and Lincoln s latest solution makes our survivorship portfolio one of the most comprehensive in the industry, providing a broad selection of needs-based options, said Mike Burns, Senior Vice President, Life Solutions, Lincoln Financial Group. Complementing our Universal Life and Variable Universal Life survivorship offerings, Lincoln WealthPreserve SIUL provides clients with a balance of cost-efficient death benefit protection, cash accumulation potential and tax efficiencies, helping them protect and potentially grow assets.

Further, in order to meet the competitive cost structure for insuring two individuals in a single policy, Lincoln WealthPreserve, SIUL is created.

By the end of the last surviving insured s life, it also renders an income tax-free death benefit and is intended to allow policyholders for transferring a greater inheritance to beneficiaries, or provide proceeds to pay estate taxes, continue a business, or meet other financial needs.

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Source: TendersInfo (India)

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