By a News Reporter-Staff News Editor at Insurance Weekly News -- Lincoln Financial Group (NYSE:LNC) announced that it has expanded its suite of Survivorship life insurance solutions with Lincoln WealthPreserve? Survivorship Indexed Universal Life (SIUL), Lincoln's first SIUL offering. Lincoln WealthPreserve? SIUL enables advisors to implement wealth preservation and estate planning strategies for clients, while offering 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." Lincoln WealthPreserve? SIUL is designed with a competitive cost structure for insuring two individuals in a single policy. It provides an income tax-free death benefit at the end of the last surviving insured's life, and is designed to enable policyholders to transfer a greater inheritance to beneficiaries, or provide proceeds to pay estate taxes, continue a business, or meet other financial needs. If properly structured in an irrevocable trust, the life insurance proceeds from Lincoln WealthPreserve? SIUL may also be free from estate taxes.
Keywords for this news article include: Insurance Companies, Lincoln Financial Group.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC