Underwriting Changes, Small Business Month, and COVID-19 Update
As your clients plan for 2021 taxes, give them the confidence to reach their retirement income goals using life insurance. With tax regulation continuing to change, it’s important that your clients are building a diverse tax management plan. Help them understand how taxes impact the money they invest in the different options and the distributions they receive from those sources: |
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Effective May 10, 2021, Lincoln’s COVID-19 temporary underwriting guidelines have been modified, including:
- The Table Reduction Program (TRP) is now available! Consideration for up to $10 million maximum face amount, through age 70, for Table 3 to Standard rate classes
- Internal Retention Limits have been increased up to $20 million for permanent life insurance products
- Substandard ratings, up to Table 4, will be considered for all ages through 80
Along with the above changes, we’ve also made enhancements to the online chat tool on our pending website. To continue providing a more customized and personalized experience, the chat will now be directed to New Business Contacts on your dedicated underwriting and new business team.
