Below is an update to one of the largest life insurance carriers in the country. From time to time all life companies need to adjust the charges they collect to service their business.
Remember though Term Life Insurance is still the most affordable way to secure coverage and get a plan in place don't worry too much about the policy fee's unless you can get a better deal somewhere else with comparable coverage and convertibility options such as Lincoln Life.
Lincoln Life Insurance company is a major player in the term life marketplace with their core product being the Life Elements Term Life product. Consumers may not know this but life insurance carriers charge an annual policy fee to administer the policy for the policy holder, the carriers charge different amounts and this cost is factored into your annual premium payment.
Here is the information on the policy fee rate increase, for more information please contact Lincoln National Life Insurance Company or your life insurance agent or broker.
On December 1, 2009 Lincoln will be increasing the annual policy fee on all Lincoln
LifeElements SM Level Term (2009) business from $75 to $125. The change will be
based on Policy Date (the date from which policy anniversaries are measured) and will
impact any and all business with a Policy Date of December 1, 2009 or later.
Technorati Tags: lincoln life insurance, life elements term, term life
Remember though Term Life Insurance is still the most affordable way to secure coverage and get a plan in place don't worry too much about the policy fee's unless you can get a better deal somewhere else with comparable coverage and convertibility options such as Lincoln Life.
Lincoln Life Insurance company is a major player in the term life marketplace with their core product being the Life Elements Term Life product. Consumers may not know this but life insurance carriers charge an annual policy fee to administer the policy for the policy holder, the carriers charge different amounts and this cost is factored into your annual premium payment.
Here is the information on the policy fee rate increase, for more information please contact Lincoln National Life Insurance Company or your life insurance agent or broker.
On December 1, 2009 Lincoln will be increasing the annual policy fee on all Lincoln
LifeElements SM Level Term (2009) business from $75 to $125. The change will be
based on Policy Date (the date from which policy anniversaries are measured) and will
impact any and all business with a Policy Date of December 1, 2009 or later.
Technorati Tags: lincoln life insurance, life elements term, term life
