The Lincoln Leader - lincolnfinancial

LIFE SOLUTIONS

The Lincoln Leader

APRIL 12, 2021 VOLUME 19, ISSUE 8

Updated Login Process and Two-Factor Authentication

New two-factor authentication process effective April 24, 2021 Reprinted from the March 29, 2021 Lincoln Life Leader

Lincoln is committed to protecting our customers and their personal data. Two-factor authentication has become the industry standard for account security, and we are taking steps to improve the performance of the existing login and authentication process. Lincoln is implementing a cloud-based solution for identity management that will have a new look and feel.

HEADLINES

Updated Login Process and TwoFactor Authentication (reprint)

Indexed Account Rate Changes (reprint)

Already using a two-factor authentication process? No action is required; you will retain your current username, password and two-factor authentication settings.

New to two-factor authentication? After April 24, 2021, you will be prompted to set up two-factor authentication during login. You can choose either a phone authorization or utilize an authenticator application.

Two-factor authentication is a mandatory security feature for all users of the Lincoln secure site, unless accessing the site through single-sign-on from a partner website.

You may wish to bookmark the new login page: secure/login.

For more information and for sample login screens, view our Two-Factor Authentication Update Frequently Asked Questions document.

Indexed Account Rate Changes

Reprinted from the March 15, 2021 Lincoln Life Leader

Effective April 15, 2021, Lincoln will be making changes to caps, participation rates and spreads on certain indexed accounts, which may reduce future policy performance. The changes apply to a select group of life insurance products in Lincoln's Indexed UL and Variable UL product suites; primarily to previously sold products. The Illustration software will be updated effective March 15, 2021 reflecting all indexed account changes.

LCN-3541648-040921

For Financial Professional Use Only. Not for Use with General Public

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Products with Rate Changes

Out of the currently sold indexed account portfolio, only those available through Lincoln WealthAdvantage? Indexed UL (New York) and Lincoln AssetEdge? VUL (2015) (New York) will be impacted by these changes; no other currently sold products will be changing on April 15, 2021.

Currently Sold Indexed Account Portfolio

Lincoln WealthAdvantage? Indexed UL ? 10/14/19

All Indexed Accounts have a 1% floor

1 Year Point-to-Point Capped 1 Year Point-to-Point Uncapped 1 Year Point-to-Point ? High Participation

Cap Participation Rate Participation Rate Cap

Existing Rate

6.75% 41.50% 140.00% 6.35%

New York

New Rate

6.00% 34.50% 140.00% 5.60%

Lincoln AssetEdge? VUL (2015) ? 10/14/19

All Indexed Accounts have a 1% floor

1 Year Point-to-Point - Capped 1 Year Point-to-Point - Uncapped 1 Year Point-to-Point ? High Participation

Cap Participation Rate Participation Rate Cap

Previously Sold Indexed Account Portfolio

Lincoln LifeReserve? Indexed UL Accumulator (2011)

All Indexed Accounts have a 1% floor

1 Year Point-to-Point Capped 1 Year Monthly Cap 1 Year Monthly Average

Cap Cap Spread

Existing Rate

6.75% 41.50% 140.00% 6.35%

New York

New Rate

6.00% 34.50% 140.00% 5.60%

Existing Rate

8.00% 3.20% 2.25%

Non ? New York

New Rate

7.00% 3.00% 2.75%

Lincoln LifeReserve? Indexed UL Accumulator (2011)

All Indexed Accounts have a 1% floor

1 Year Point-to-Point Capped

Cap

1 Year Monthly Cap

Cap

1 Year Monthly Average

Spread

Existing Rate

7.50% 3.05% 2.50%

New York

New Rate

6.50% 2.85% 3.00%

Lincoln WealthAdvantage? Indexed UL (2015)

All Indexed Accounts have a 1% floor

1 Year Point-to-Point Capped 1 Year Point-to-Point Uncapped 1 Year Point-to-Point ? High Participation

Cap Participation Rate Participation Rate Cap

Existing Rate

7.25% 44.00% 140.00% 6.85%

Non ? New York

New Rate

6.50% 37.00% 140.00% 6.10%

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Lincoln WealthAdvantage? Indexed UL (2015)

All Indexed Accounts have a 1% floor

1 Year Point-to-Point Capped 1 Year Point-to-Point Uncapped 1 Year Point-to-Point ? High Participation

Cap Participation Rate Participation Rate Cap

Lincoln WealthAccumulate? IUL (2018) - 05/14/18

Perform

0% Floor 1% Asset Based Charge deducted when segment opens

Balance

0% Floor

Conserve

1% Floor

Cap Index Credit Enhancement (multiplier) Cap Index Credit Enhancement

Cap

Lincoln WealthAccumulate? IUL (2019) - 02/11/19

Perform Plus

0% Floor 6% Asset Based Charge deducted when segment opens

Perform

0% Floor 4% Asset Based Charge deducted when segment opens

Balance

0% Floor 2% Asset Based Charge deducted when segment opens

Conserve

1% Floor

Cap Index Credit Enhancement (multiplier) Positive Performance Range

Used to determine nonguaranteed Positive Performance Credit (variable multiplier)

Cap Index Credit Enhancement Positive Performance Range Cap Index Credit Enhancement Positive Performance Range

Cap

Lincoln WealthPreserve? Survivorship IUL

All Indexed Accounts have a 1% floor

1 Year Point-to-Point Capped

1 Year Point-to-Point Uncapped 1 Year Point-to-Point ? High Participation

Cap Participation Rate Participation Rate Cap

Lincoln WealthPreserve? Survivorship IUL

All Indexed Accounts have a 1% floor

1 Year Point-to-Point Capped 1 Year Point-to-Point Uncapped

1 Year Point-to-PointHigh Participation

Cap Participation Rate Participation Rate Cap

Existing Rate

6.75% 41.50% 140.00% 6.35%

New York

New Rate

6.00% 34.50% 140.00% 5.60%

Existing Rate

8.50% 32.00% 8.50% 8.00% 7.25%

Non ? New York

New Rate

7.75%

32.00%

7.75% 8.00%

6.50%

Existing Rate

10.75% 56.00%

0.00% ? 136.11%

8.50% 56.00% 0.00% ? 103.67% 8.50% 28.00% 0.00% ? 69.11%

7.25%

Non ? New York

New Rate

10.00% 56.00%

0.00% ? 136.11%

7.75% 56.00% 0.00% ? 103.67% 7.75% 28.00% 0.00% ? 69.11%

6.50%

Existing Rate

7.75% 47.00% 140.00% 7.55%

Existing Rate

7.50% 46.00% 140.00% 7.30%

Non ? New York

New Rate

7.00% 40.00% 140.00% 6.80%

New York

New Rate

6.75% 39.00% 140.00% 6.55%

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Lincoln AssetEdge? VUL (2015) and Lincoln AssetEdge? Exec VUL (2015)

All Indexed Accounts have a 1% floor

1 Year Point-to-Point - Capped 1 Year Point-to-Point - Uncapped

Cap Participation Rate

1 Year Point-to-Point ? High Participation

Participation Rate Cap

Existing Rate

7.25% 44.00% 140.00% 6.85%

Non ? New York

New Rate

6.50% 37.00% 140.00% 6.10%

Lincoln AssetEdge? VUL (2015)

All Indexed Accounts have a 1% floor

1 Year Point-to-Point - Capped 1 Year Point-to-Point - Uncapped

1 Year Point-to-Point ? High Participation

Cap Participation Rate Participation Rate

Cap

Existing Rate

6.75% 41.50% 140.00% 6.35%

New York

New Rate

6.00% 34.50% 140.00% 5.60%

For additional information on indexed account rates, including guaranteed and non-guaranteed elements, please view Lincoln's Current and Historic Declared Rates flier.

Illustration Software Updates

If you have an active internet connection, the Lincoln DesignItSM Illustration System (v.52.0C) and Lincoln Inforce Platform (v.29.0) will automatically update on March 15, 2021 to reflect the indexed account rate changes and new maximum illustrated rates. If you need to download software, it is available on the Lincoln producer websites or from Field Office Technicians.

Illustration Transition Rules

The illustration software will be updated March 15, 2021 reflecting all indexed account changes.

To coincide with the illustration software update on March 15, 2021, in anticipation of the new indexed account rates effective with new segments opened on or after April 15, 2021, all policies "sold" on or after March 15, 2021, will require an accompanying illustration with the new software version numbers noted above. Therefore, it is imperative to accept the March 15, 2021 illustration software updates. There will be no exceptions to this rule.

Lincoln defines the "sold" date as formal applications that are signed, dated and received in Lincoln's home office in-good-order on or after March 15, 2021.

As of March 21, 2021, requests for revised illustrations to accommodate a higher rate of return for any policies "sold" prior to March 15, 2021, will not be allowed.

To help with the transition, it is recommended that you show the client the impact of a lower illustrated rate should the application not be received in-good-order prior to March 15, 2021 or if a revised illustration is needed.

Policies placed inforce with premium on or after March 15, 2021, must use illustration version v.52.0C. Indexed Account Segments opened on or after April 15, 2021, will be subject to the new indexed account rates,

regardless of policy "sold" date.

Reference Material

The online version of the following reference materials is available by clicking on the name of the document below and can also be accessed through the Individual IUL product sections of the Lincoln producer websites under Product Details > Resources Tab.

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Document Name Indexed Account Rates ? Current

Indexed Account Rates ? Current and Historical

Frequently Asked Questions

Content

Provides Indexed Accounts rates within currently sold Lincoln Life Insurance products effective with new segments opened on or after April 15, 2021. Provides Indexed Accounts rates for currently and previously sold products beginning with the new product introduction through rates effective for new segments opened on or after April 15, 2021. Provides talking points to help answer questions you may receive from customer.

Marketing Material

All impacted marketing materials are being assessed and updated as necessary. All updated materials will be made available on the various Lincoln websites and will be available for order from the Lincoln Literature Fulfillment Center prior to the April 15, 2021 new segment effective date.

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