Lincoln Financial Group announced that it will launch the next generation of its Lincoln AssetEdge Variable Universal Life (VUL) insurance offering on June 15. As many investors are faced with the dilemma of staying invested in the market during a time of elevated volatility, AssetEdge VUL (2020) features three new indexed accounts that offer policyowners more ways to help grow their retirement savings with a level of protection during market downturns.
“AssetEdge can help you plan for their future, while protecting your loved ones and assets – a balancing act many are faced with today”
“When planning for retirement, there are many considerations, such as lifestyles, wealth transfer, and potential impacts of market volatility, taxes and longevity – all of which are magnified in times of economic uncertainty,” said Andy Bucklee, senior vice president and head of Life & Executive Benefits Distribution for Lincoln Financial Group. “Life insurance is one of the few solutions that can help address all of these needs. By working with a financial professional to understand the different uses of life insurance, such as those found within the new AssetEdge, clients can further diversify their retirement portfolios, and incorporate new strategies for growth, protection and income.”
In a recent survey by LIMRA, financial advisors overwhelmingly cited market volatility as the top concern they are hearing from clients during the coronavirus pandemic1. Insurance agents cited client questions about their current policy coverage with respect to the virus2, underscoring the importance that clients place in life insurance.
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In addition to an income tax-free death benefit, AssetEdge offers tax-advantaged assets that offer significant growth potential that can be accessed later in life to supplement income for needs such as retirement. AssetEdge includes a wide range of investment options that can be tailored to a client’s goals for return potential and downside protection, including:
- Four Indexed accounts tied to the performance of the S&P 500 Index, offering a range of returns and guaranteed floors to protect against negative returns
- More than 75 market-driven variable investment options for maximum growth potential
- Multiple risk management funds to minimize the impact in a down market
- A Fixed account offering predictable growth with a minimum 1% interest rate and no exposure to market risk
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