The New Offerings Include Enhanced Benefits for Dependents and Expanded Covered Conditions, Coupled with a New Technology Platform that Creates Flexibility and Ease of Use for Employers and Their Employees
09 July 2018

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) has launched enhanced Group Accident and Critical Illness insurance benefits for the employer market that offer employees and their families expanded financial protection against the unexpected. As the industry changes, these traditionally “supplemental” benefits are becoming increasingly important to employers’ core benefit packages, to help employees manage healthcare costs. Lincoln’s benefits include new features, and have been designed to be easy for employees to understand – and easy for employers to administer. The benefits are available on Lincoln’s new policy administration technology platform, providing more flexibility and a streamlined experience for employers.

Accident Insurance with Added Benefits for Dependents

Lincoln’s Accident insurance offering can strengthen employers’ benefits packages by providing financial protection against the unexpected for employees and their families, with a cash pay-out for covered injuries. The versatile modular design allows for benefits to be tailored to best align with each employer’s core insurance offerings, and five additional riders enable employers to further expand covered injuries.1 It also includes enhanced coverage for dependents – such as child sports injury benefits and programs that promote wellness, including exams, screenings, and immunizations specific for children. More information on Lincoln’s Accident insurance options (including state exclusions) can be found here.

“In the evolving healthcare industry where the cost of core benefits continues to rise, voluntary benefits provide employees with the important ability to offset high deductibles,” said Katie Dunnington, head of Group Protection product solutions at Lincoln Financial. “And the summertime is a great reminder of why all of us – especially those with children – should have Accident insurance. Kids are running, swimming, playing – and even a minor injury could have steep financial impact. Accident insurance can help guard against this.”

Enhanced Critical Illness Benefit Includes More Covered Conditions

Lincoln’s enhanced Critical Illness insurance benefit distributes lump-sum cash payments to employees upon diagnosis of a covered illness or event. The benefit has been designed based on consumer feedback, with a flexible structure, including coverage for separate conditions, benefits focused on family and early disease detection, and expanded heart- and cancer-related covered conditions. In addition, employers can customize offered plans with five riders.1 More information on Lincoln’s Critical Illness insurance options (including state exclusions) can be found here.

“Benefits like Accident and Critical Illness insurance are often less familiar to employees, but can provide important financial protection if faced with unforeseen medical expenses – whether that means a broken leg or the diagnosis of an illness,” Dunnington said. “As open enrollment season approaches this fall, employers can help their employees understand how these coverages work.”

New Technology Platform Streamlines Benefit Administration for Employer Partners

The enhanced Accident and Critical Illness benefits are available on Lincoln’s new policy administration technology platform. The platform will provide streamlined administration, enhanced flexibility and expanded billing options for employers, and a flexible claims submission process for claimants.

Lincoln’s new Group Accident and Critical Illness Insurance plans are available for January 1, 2019 or later effective dates.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower people 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 $253 billion in assets under management as of March 31, 2018. Lincoln Financial Group is a committed corporate citizen and was named one of the Forbes Best Employers for 2018, is a member of the Dow Jones Sustainability Index North America, and received a perfect score of 100 percent on the 2018 Corporate Equality Index. Learn more at: Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at

1 Some location limitations apply, and some benefits have limits on the number of services provided or limit the time frame in which the services must be rendered. This insurance product does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.


Lincoln Financial Group
Media Contact
Amy Ponticello
Media Contact
Lora Lewis