Lincoln Financial Group is introducing a new indexed universal life (IUL) insurance product: he Lincoln WealthAccumulate Indexed Universal Life 2019 policy.
The new IUL policy offers four different indexed account options, with all of the options based on the S&P 500 Index.
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Lincoln Financial is selling the policy with a nine-year surrender charge period.
The policy comes with a return-of-premium rider. The rider gives the purchaser the option to have 100% of the premiums returned if the market performs worse than expected. A policyholder can use that option one time, at the end of policy year 20, with no additional upfront cost. Use of that rider is subject to a minimum premium requirement