Lincoln - Discontinuation of New Sales of their GUL and SUL Products
Lincoln is committed to providing financial professionals and clients with a comprehensive suite of relevant life insurance products to address a broad range of planning goals, while balancing consumer value with the prudent financial standards of their business. After careful consideration, Lincoln has made the decision to discontinue new sales of Lincoln LifeGuarantee® UL (2019) and Lincoln LifeGuarantee® SUL (2019) (Survivorship UL), which accounted for just 1% of all Lincoln Life sales in 2021.
*Please note: Effective May 16, 2022, subject to state availability, Lincoln will be introducing Lincoln WealthPreserve® 2 Survivorship IUL (2022) to their life insurance portfolio.
These changes are effective in all states, June 10, 2022.
The changes do not impact inforce policyholders. Lincoln continues to offer a full suite of life insurance solutions, including Term, Indexed Universal Life, Variable Universal Life, long-term care funding solutions and Executive Benefit products.
- All applications for the products listed above must be received in-good-order at Lincoln by June 10, 2022.
- As of May 16, 2022, Lincoln DesignIt and WinFlex will be updated to reflect a warning message regarding the submission deadline of June 10, 2022.
- As of June 10, 2022, Lincoln DesignIt and WinFlex will be updated to no longer allow illustrations of the impacted products.
- Revised illustrations for pipeline cases can be obtained by contacting your Lincoln wholesaler.
Please review the Frequently Asked Questions document for additional information.
Please give us a call at 1-800-792-6795 if you need any illustrations or applications for these products.