Lincoln National Life Insurance Company, which is a part of the Lincoln Financial Group and also a leading life insurance coverage provider in the country, now offers the Universal Life Insurance Package that allows employers to enhance their benefit packages.
The Universal Life insurance which is a newly launched product of the Lincoln National Life Insurance Company is an employee paid coverage option that provides guaranteed life time coverage and also offers one of the highest death benefits in the industry, thereby offering better value for every dollar paid as premium. Employees who avail the Lincoln Employee Value Universal Life coverage are entitled to benefits of up to $300,000. The insurance policies are issued individually to each employee and as long as the employee continues to pay the premium, they can be assured of guaranteed coverage for life, despite them changing jobs or taking retirement. The premiums that are charged for this lifetime coverage are not susceptible to change at a later point of time.
The President of Group Protection at Lincoln Financial Group, Rob Grubka, said that the group protection plan is a key contributor for the tremendous growth of this company. He said that the Lincoln Life Insurance Company will continue in its endeavor to come up with affordable, yet deep and integrated, insurance products which will be employee-paid products, but with more lucrative benefits. He said that the company intended to assist employers in attracting employees with good talent and retaining them for long, while at the same time ensuring a balance of the rising costs of offering rich benefits.
Grubka went on to say that with the launch of the Lincoln Employee Value Life insurance, Lincoln has established itself as the leading provider in the field of individual universal life insurance provider, but in the Group Insurance market that will continue to offer coverage, as long as the employees continue to pay their premiums. Irrespective of whether customers choose this as a complimentary coverage to their existing term insurance or as a standalone option, this insurance provider offers a lot of benefits that can meet all the coverage needs.
One of the other attractive features of the Lincoln Employee Value Universal Life Insurance plan is that it comes with a lot of riders that allows employees to customize their coverage plans to meet their future needs.