2019 Year-end Transition Guidelines

The life insurance industry is updating their product portfolios to be compliant with principle-based reserving (PBR) and 2017 CSO by January 1, 2020. Learn more about this industry update and how it can impact your business.



SEE PBR/2017 CSO PRODUCTS

Lincoln is committed to providing competitive solutions to meet your clients' needs. Here are some key dates and tips to finish the year strong:

  • October 1, 2019: 1035 Exchanges
    • For Lincoln MoneyGuard® II (2019) and Lincoln MoneyGuard® Reserve, all 1035 exchange applications MUST be submitted.
    • For Life products, Lincoln SUGGESTS submitting application all 1035 Exchanges, Tele-App submissions and Premium Finance cases.
  • November 1, 2019: Tele-app and noncontractual policy changes
    • For Tele-App submissions, the client interview must be completed to meet the formal application submission deadline.
    • Submit noncontractual policy change, such as rider or benefit additions, for policies issued on 2001 CSO tables to help ensure they are completed by 12/31/19.
  • December 27, 2019: premiums
    • To help ensure policy placement, we suggest all premium(s) and delivery requirements be received in good order.
  • December 31, 2019: placement
    • All noncompliant products must be approved and placed in-force with premium and all placement restrictive requirements.
NATIONWIDE Noncompliant Products1 Formal Application Submission Deadline Placed with Premium Deadline
Lincoln VULONE (2014)
Lincoln Conversion
SM UL [Non-NY]
September 13, 2019 December 31, 2019
Lincoln LifeGuarantee® UL (2013)
Lincoln LifeGuarantee® SUL (2013)
Lincoln SVULONE(2016)2
Lincoln WealthPreserve® IUL (2017)
Lincoln WealthAccumulate® IUL (2019)
Lincoln AssetEdge® Exec VUL (2015)
Lincoln MoneyGuard® II (2019)
November 1, 2019 December 31, 2019
NEW YORK PRODUCTS
[Not 2017 CSO compliant]
Formal Application Submission Deadline Placed with Premium Deadline
Lincoln AssetEdge® VUL (2015)
Lincoln WealthAdvantage® IUL
November 1, 2019 December 31, 2019
Lincoln MoneyGuard® Reserve
November 15, 2019 December 31, 2019

1Term products will follow the Placed with Premium Deadline in addition to their other normal transition rules.

2Includes Lincoln SVULONE (2013) in PA.

The following products will not have a PBR/2017 CSO compliant product for January 1, 2020. Refer to the chart below to see deadlines for formal submission applications.

Product Nationwide/
New York
Formal Application Submission Deadline Placed with Premium Deadline
Lincoln LifeReserve® UL (2009) Both September 13, 2019 December 31, 2019
Lincoln LifeElements® Level Term w/CPE* Nationwide September 13, 2019 December 31, 2019
Lincoln LifeCurrent® UL Both November 1, 2019 December 31, 2019
Lincoln WealthPreserve® SIUL Both November 1, 2019 December 31, 2019
Lincoln PreservationEdge® SVUL Nationwide November 1, 2019 December 31, 2019
Lincoln LifeReserve®Indexed UL Accumulator (2014) New York November 1, 2019 December 31, 2019
Lincoln AssetEdge ® Exec VUL (2015) New York November 1, 2019 December 31, 2019


*Conversion Products Enhancement.



 Take a look at Lincoln's current PBR/2017 CSO compliant portfolio1

NATIONAL 2020-READY

Launch Date

Lincoln TermAccel® (2019)

July 15, 2019

Lincoln LifeElements® Level Term (2019)

July 15, 20192

Lincoln ConversionSM UL (2019)

July 15, 20192

Lincoln LifeGuarantee® UL (2019)

July 15, 2019

Lincoln LifeGuarantee® SUL (2019)

November 11, 2019

Lincoln VULONE (2019) May 13, 2019
Lincoln SVULONE (2019) September 16, 2019
Lincoln AssetEdge® VUL (2019) September 16, 2019
Lincoln WealthPreserve® IUL (2019) October 21, 2019
Lincoln WealthAccumulate® IUL (2019) September 16, 2019
Lincoln MoneyGuard® III September 16, 2019

1 Subject to ICC/state approval.

2 Lincoln LifeElements® Level Term (2017) and Lincoln ConversionSM UL (in NY only) were PBR/2017 CSO compliant.

NEW YORK 2020-READY

Launch Date

Lincoln LifeElements® Level Term (2019)

July 15, 2019

Lincoln ConversionSM UL

July 15, 2019

Lincoln WealthPreserve® IUL (2017) – 02/12/18 June 11, 2018
Lincoln WealthAdvantage® IUL1 November 11, 2019
Lincoln AssetEdge® VUL (2015)2 October 21, 2019

1 Subject to ICC/state approval.

2 Subject to SEC supplement approval.

We’ll continue to update our portfolio to provide you with competitive solutions to meet your client needs.

Leading-edge Underwriting and New Business advantages

  • Dedicated teams — including a new Foreign National team
  • Nontobacco rates available for cigar, pipe, and chewing tobacco users
  • Large case know-how and capacity up to $150 million
  • Autobind limit of $60 million to age 751
  • Table reduction program available for all medical impairments2
  • Improved guidelines for clients with a history of atrial fibrillation, asthma, sleep apnea, ulcerative colitis, dysplastic nevus, prostate AND breast cancer
  • Significantly improved hepatitis C guidelines and ratings3
  • Competitive financial underwriting guidelines for business insurance — including consideration up to 20x income for key person coverage

PLUS, no resting EKGs are required for ALL age and face amounts.

1 Up to Table D with any flat extra, and $65 million jumbo limit.

2 Table three to standard to age 70 — up to $10 million.

3 Most will qualify for standard; some preferred.