Lincoln Financial Group has introduced Lincoln LifeReserve Indexed Universal Life policy issued by the Lincoln National Life Insurance Company in Fort Wayne, Indiana.
The company said the new policy is an asset accumulation option, that can help diversify a client’s portfolio with no account allocation restrictions.
The new life product is based on the S&P 500 Index to credit interest through the policy’s three optional sub-accounts, where each will credit a minimum interest rate of one percent irrespective of the index performance.
The company claims that the S&P 500 Index will offer clients an upside account value growth with protection from downside risk when the market declines.
In addition to the three indexed accounts, Lincoln LifeReserve Indexed UL offers a fixed account option as well as tax-advantaged income for meeting future expenses.
The product also offers a ten-year no-lapse guarantee and a 1% guaranteed interest crediting rate floor.