Your Lincoln WealthPreserve 2 IUL (2020) policy, issued by The Lincoln National Life Insurance Company, is designed to provide both protection and savings growth potential. This comprehensive review highlights key aspects of your policy's current performance and structure. Our ongoing partnership ensures your coverage remains aligned with your financial objectives, adapting to your evolving needs over time.
Your Flexible Premium Adjustable Life Insurance policy offers a protection amount of $1,000,000, structured as a level benefit throughout the policy's duration. This design provides consistent, predictable protection for your beneficiaries. Your current payment structure involves annual payments of $24,407.40, with built-in flexibility to adjust as needed.
Key features of your policy include Indexed Accounts for potential growth, a No-Lapse Coverage Period of 25 years, and additional benefits such as the Accelerated Death Benefit and Overloan Protection. These elements combine to offer you a balance of protection, growth potential, and financial flexibility.
Currently, your policy is performing efficiently with a premium-to-protection ratio of 2.44%. This indicates effective allocation towards your coverage objectives. The policy's savings value projection shows an expected surrender value of $494,534 by year 20, potentially growing to $1,006,760 by year 57.
Your policy features Indexed Accounts with a maximum illustrated rate of 5.66% for the Fidelity AIM Dividend Fixed Bonus account. The current participation rate of 170.00% enhances growth potential in favorable market conditions. However, it's important to note that actual returns may vary due to market fluctuations.
The policy includes loan options, with the current rate for participating loans estimated at 5.00%. This feature provides potential liquidity, allowing you to access your policy's savings value if needed.
Your coverage includes a No-Lapse Premium Requirement of $1,981.67, which, if maintained, prevents coverage gaps for the first 25 years. This provides a solid foundation for long-term protection.
Looking ahead, it's important to consider that adjustments to premium contributions may be necessary to maintain optimal performance, especially if market conditions lead to extended periods of lower returns.
Your policy is currently well-structured to provide both protection and growth potential. The combination of features offers flexibility and security aligned with long-term financial planning.
To ensure continued optimal performance, I've adopted a proactive review schedule aligned with your policy anniversary dates. I'll reach out approximately three months before your next policy anniversary to schedule our next comprehensive review.
This timing allows us to evaluate performance and make any needed adjustments before your next policy year begins.
Thank you for your continued trust. Please don't hesitate to contact me if you need anything before our next scheduled review.
Best regards,
[Advisor Name]
[Company Name]
[Contact Information]