Lincoln National Corp. has introduced the Lincoln PreservationEdge SVUL policy.
The survivorship variable universal life product is designed to appeal to life producers who prefer to use asset allocation, rather than secondary guarantees, to manage risk, according to Lincoln, Philadelphia.
Product features include an overloan protection feature that provides lapse protection if loans exceed accumulation value during a market downturn.
The product also comes with a choice of about 60 investment options, including active and passive funds.
Lincoln is offering the product through Lincoln National Life Insurance Company in most states and in New York through Lincoln Life & Annuity Company of New York.