Lincoln's LifeGuarantee UL product offers some choices for customization to your needs. Some are included automatically and others will increase your premium payments.
Coverage Protection Guarantee - The CPG provides an alternate coverage protection value that when positive, ensures coverage remains in place even if the cash surrender value is too small to cover policy charges. This gives an extra layer of security and peace of mind.
Choice and Flexibility - You have the freedom to adjust the amount of the guaranteed death benefit, the length of the guarantee period, and the amount and frequency of premium payments.
Accelerated Benefits Rider - If the insured becomes terminally or critically ill, a part of the death benefit may be accessed early, while still living. Use the funds to help pay medical costs or for anything you want. There is no extra premium charge along the way although there is a one-time fee to exercise the rider.
Customize your GUL life policy further by considering these options:
Accidental Death Benefit Rider - Your beneficiaries receive an extra amount of money in the event of death due to an accident.
Children's Term Rider - Insure your children under the same main policy.
Disability Waiver of Monthly Deductions Benefit Rider - Have the premium payments waived in the event the insured becomes disabled.
Guaranteed Insurability Rider - Gives you the right to increase the death benefit at a later date without submitting to new underwriting.
Spouse Term Rider - Add life insurance coverage for your spouse under the same policy.