Lincoln VUL One and Lincoln SVUL One
The close to new sales will be effective August 9, 2024.
• All formal applications for Lincoln VULONE and SVULONE, including LincXpress(r) Tickets, must be received in good order at Lincoln by August 9, 2024.
• All policies must be placed, and all placement-restrictive requirements, including premium, must be received at Lincoln in good order by 4 p.m. ET December 31, 2024. For any pending Lincoln VULONE or Lincoln SVULONE case not placed by the deadline, the client must select a different product, or the case will be canceled.
• For applications or tickets that have been closed out, a new Part I or ticket packet must be submitted by August 9, 2024, otherwise, the case will be subject to the product availability at that time.
• For 1035 exchanges, the underwriting offer must be made, and 1035 exchange must be initiated by September 27, 2024.
• For cases with the owner listed as “Trust to be Established,” formal applications received in the Home Office by August 9, 2024, and signed by the insured will still qualify as awaiting a trust to be set up as part of the normal course of business. The only paperwork that Lincoln will not require at submission is the executed Certification of Trustee Powers with the trustee/owner’s signature. It must be received prior to issue. – “Trust to be Established” is defined as a newly established trust in the process of being set up and for which completion of the trust and its established date fall after the original application signed date. Pre-existing trusts do not qualify as “Trust to be Established.” Nor will Lincoln accept a final application that originates with the owner listed as “Trust to be Established” but deviates ownership to another entity or individual.
Call us today for more information: 888.539.3232
