Advertisement
U.S. markets closed
  • S&P Futures

    5,304.25
    -4.00 (-0.08%)
     
  • Dow Futures

    40,140.00
    -36.00 (-0.09%)
     
  • Nasdaq Futures

    18,465.00
    -38.75 (-0.21%)
     
  • Russell 2000 Futures

    2,145.20
    +6.80 (+0.32%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0784
    -0.0009 (-0.09%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • Vix

    13.01
    +0.23 (+1.80%)
     
  • GBP/USD

    1.2625
    +0.0003 (+0.02%)
     
  • USD/JPY

    151.3830
    +0.0110 (+0.01%)
     
  • Bitcoin USD

    70,834.19
    +1,422.57 (+2.05%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,330.48
    +162.41 (+0.40%)
     

Lincoln Financial Launches Economical Insurance Product (revised)

Lincoln National Corporation LNC recently launched Lincoln TermAccel Level Term insurance to facilitate advisors in providing more affordable insurance protection. This new product has been mainly designed for a younger client base including Millennials and GenXers who need insurance with lower principal amounts.

Lincoln TermAccel has been designed to provide a time saving, fully-electronic transaction process to insurance advisors. It includes a no-cost telephone application where customers can submit an electronic questionnaire with basic information.

The process is then followed by a telephone interview by an agent. Clients, if eligible, have the option to get underwriting labs ceded which makes the process less invasive.

The latest product has an automated underwriting approach, which makes application reviewing and verification fast and efficient. Once approved, policies can be delivered through a secure online platform that includes e-signature capabilities and easy accessibility through PC or mobile devices. This eliminates the need for administrative tasks and paperwork, thereby making the entire process from the point of quote to policy delivery much quicker and hassle free.

Lincoln National Corporation, which uses Lincoln Financial Group as itsthe brand name, regularly launches new products in the market to maintain its competitive position. Apart from TermAccel the company unveiled LincX-press process. This product, along with Lincoln LifeElements Level Term, is part of Lincoln’s suite of term life products.

This Zacks Rank #3 (Hold) life insurer also launched enhancements to Lincoln Director, its employee sponsor retirement program, on Apr 16. The program has been designed to provide additional options to advisors for their small business clients. Being customer centric, Lincoln Financial develops these products to cater to customers irrespective of age, face amounts or other differences.

Some better-ranked insurance industry stocks include Health Insurance Innovations, Inc. HIIQ and Manulife Financial Corporation MFC and GWG Holding, Inc. GWGH. While Health Insurance Innovations and Manulife Financial sport a Zacks Rank #1 (Strong Buy), GWG Holding holds a Zacks Rank #2 (Buy).

(We are reissuing this article to correct a mistake. The original article, issued June 1, 2016, should no longer be relied upon.)


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
LINCOLN NATL-IN (LNC): Free Stock Analysis Report
 
MANULIFE FINL (MFC): Free Stock Analysis Report
 
GWG HOLDINGS (GWGH): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement