Lincoln TermAccel® Level Term life insurance offers affordable protection for younger clients, a fully-electronic application and delivery process, and the opportunity to waive underwriting labs
31 May 2016

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE:LNC) has expanded its term life insurance portfolio with the launch of Lincoln TermAccel® Level Term insurance, designed to help advisors provide affordable protection for younger age clients and those in need of lower face amounts. Lincoln TermAccel offers the ease and efficiency of a fully-electronic transaction process from quote to policy issue as well as streamlined underwriting opportunities that enable policies to be issued in a fraction of the traditional time.

Lincoln TermAccel is ideal for clients ranging from millennials who may be just starting to evaluate their life insurance needs, to late Gen Xers who may be underinsured or in need of death benefit protection for just a certain number of years,” said Heather Milligan, Lincoln’s Senior Vice President of Underwriting & New Business. “TermAccel combines technology and automated underwriting capabilities to transform and simplify the life insurance purchasing experience in a manner more consistent with today’s consumer expectations.”

Lincoln TermAccel will feature a streamlined, no-cost telephone application (Tele-App) process that allows clients to submit a brief electronic questionnaire with basic information and then complete a simple phone interview at a time convenient for their schedules. The phone interview is completed by a dedicated Lincoln team member, helping to ensure application accuracy and cutting down on time spent on paperwork for advisors and clients.

Based on the information provided by clients during the Tele-App interview, clients may qualify to have underwriting labs waived, making the process less invasive. The underwriting experience is further streamlined with Lincoln TermAccel’s automated underwriting approach which enables applications to be processed and verified faster, leading to a quicker underwriting decision.

“Studies have shown that there is a significant opportunity for the life insurance industry to help middle-market consumers achieve financial security,” said Andrew Bucklee, senior vice president and head of Insurance Solutions Distribution for Lincoln Financial Distributors. “TermAccel is designed to help our advisors reach that large segment of the population through competitive pricing and technology-enabled processes that are faster and more efficient than traditional means.”

Approved Lincoln TermAccel policies are delivered faster through a secure online platform that can be viewed 24/7 on a PC or mobile device. Electronic delivery includes e-signature capabilities, and eliminates administrative tasks and paperwork.

Lincoln TermAccel joins Lincoln’s suite of term life products, which also includes Lincoln LifeElements® Level Term, which is now available with Lincoln’s new LincXpressSM process also announced today. These offerings enable advisors to provide a tailored term life solution to a wide range of clients depending on their specific needs regardless of age or face amount.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $220 billion in assets under management as of March 31, 2016. Learn more at: Find us on Facebook, Twitter, LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at



Lincoln Financial Group:
Jay Russo, 860-466-1324,
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