The upgraded 2014 version will offer life insurance protection, growth and income distribution potential.
Available via the Lincoln LifeEnhance Accelerated Benefits Rider (ABR), Lincoln LifeReserve IUL Accumulator (2014) will offer access to tax-advantaged funds during an unexpected permanent chronic or terminal illness.
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Through this IUL product, advisors will be able to tackle a range of client objectives and risk profiles, offering life insurance and death benefit protection, together with the potential for tax-advantaged income.
Additionally, the product will offer several account options for cash accumulation potential for retirement or college expenses with an assured 1% minimum interest rate to protect against negative returns.
The new version features enhancements such as two new Indexed accounts for greater asset diversification, a new dollar cost averaging account to allocates premiums, a monthly allocation schedule to transfer money as well as a one year point-to-point crediting methodology for all indexed accounts.
Lincoln Financial Group senior vice president insurance solutions Mike Burn said: "The latest Lincoln LifeReserve IUL Accumulator can help diversify a client’s portfolio to better preserve and grow assets. The product also can help with lifestyle decisions and complement traditional qualified retirement vehicles as a potential tax-efficient income source that offers upside potential, reduced volatility and a level of predictability."
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