Today, Lincoln Financial (NYSE: LNC) announced the launch of Lincoln WealthBuilderSM IUL, the inaugural product in its new Elite Indexed Universal Life (IUL) Portfolio. This strategic move comes as IUL sales are projected to account for nearly 25% of the total U.S. life insurance market by the end of 2024.
Key Features of the New Portfolio
The Elite IUL Portfolio is set to offer three distinct products, each providing unique solutions through S&P 500 indices. The WealthBuilderSM IUL features enhanced volatility-controlled indexed accounts based on two specific indices: the S&P 500 Dynamic Intraday TCA 15% Index and the S&P 500 Daily Risk Control 10% Index. These indices offer the highest volatility targets ever provided by Lincoln Financial.
Enhanced Volatility-Controlled Indices (VCI)
These indices are derived from the S&P 500 and help to manage market volatility.
Additional Features
Key features include:
- Traditional and uncapped VCI indexed accounts
- A performance multiplier rider designed for additional growth potential
- An Enhanced Overloan Protection Rider
According to Lincoln’s research, a significant 88% of consumers indicate a preference for growth-oriented solutions and about 69% desire a balanced mix of growth and protection. The new portfolio allows policyholders to allocate funds across various indexed account options and switch between them based on their personal needs or the current market conditions.
