There s more to life. Life insurance products and services. Employer Guide. Life insurance

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1 Life insurance There s more to life Life insurance products and services Employer Guide The Lincoln National Life Insurance Company Lincoln Life & Annuity Company of New York GROUP BENEFITS LFE-BRER-BRC001

2 One size does not fit all No two employees are the same. And neither are their life insurance needs. With each stage of life, priorities change and financial needs evolve. Lincoln Financial lets you offer a range of life insurance options that cover each of these stages and lets your employees choose the coverage that works best for them. The coverage your employees need Term and supplemental insurance covers specific needs; universal life delivers long-term security. and the support they deserve The core of our coverage is the support we deliver every day, from enrollment to implementation to claims. LIF LIF LIF

3 Life is what you make it Life insurance can be a significant benefit your employees value and appreciate especially if you offer them access to a full selection of coverage that can truly help them plan for and protect their future. As lives change, so do life insurance needs. With term life, supplemental term life and universal life, you re providing a policy for every stage of life. And by combining employer- and employeepaid choices, you re making a difference in their lives by offering options in a cost-effective way. More choices TERM TERM Term insurance Whether single and just starting out, buying a house, building a family, or enjoying the empty-nest years and planning for retirement, employees can benefit from the value of basic term life insurance. Employer- or employee-paid, this coverage is often the foundation of a solid life insurance plan. Supplemental term insurance As financial obligations mount and plans for the future develop, your employees will recognize the need for additional coverage. Employeepaid supplemental term life insurance often provides the first opportunity to customize life insurance to individual needs; allowing your employees to expand their coverage without impacting your budget. Combine accidental death & dismemberment (AD&D) with term life to provide additional coverage for your employees in case of accidental death or severe injury. Universal life insurance Lincoln Employee Value Universal Life is lifetime protection; it doesn t end when employment ends. And your employees enjoy level premiums that don t go up as they get older. Employees can use universal life by itself or as a complement to term and supplemental insurance to assure their families and finances are protected throughout their lives, including retirement. Lincoln Employee Value Universal Life is not available in California, New Jersey, New York or Pennsylvania.

4 Compare your choices... consider your employees needs Term life Supplemental term life Universal life (not available in CA, NJ, NY or PA) Who is covered? Coverage amounts Employer- or employee-paid Employee Flat dollar amount or % of salary Employer-paid and employee-paid plans available Employee, spouse, dependents Flat dollar amount or % of salary Employee-paid plans available Employee, spouse, dependents Flat dollar amount, up to $300,000 Employee-paid plans available Guarantee Issue (GI) GI available GI available GI available Enrollment Paper or online Paper or online Annual enrollment option: Employees may add up to $20,000 of coverage without medical exams or questionnaires Customized enrollment strategy One-on-one consultations Preenrollment education Important features come standard Note: Accelerated death benefits may be taxable and may affect public assistance eligibility. Waiver of Premium for disability Accelerated Death Benefit A variety of claim payment options Travel assistance services Support services for employees, families and beneficiaries Waiver of Premium for disability Accelerated Death Benefit A variety of claim payment options Permanent death benefit that won t decrease with age Optional features AD&D can be added AD&D can be added Optional riders (additional charges may apply): Lincoln Automatic Assurance Rider Accidental Death Benefit Accelerated Benefit Children s Term Rider Disability Waiver of Monthly Deductions Benefit Advantages Excellent way to cover specific needs that will end, such as mortgage, car loan, or college debt Employees can choose how much additional coverage they need Cost-effective permanent life option Level premium payments for lifetime protection Individually owned Competitive death benefit options Most customizable option

5 More support Beyond all the coverage, options and features is an essential fact we never lose sight of: A life insurance claim is made at one of the most devastating times in people s lives. They ve lost a loved one. They re worried about financial security. They need: Swift claims service, with a personal touch Responsive Our service goal is a claim decision within five days of receiving the complete claims information. Simple A life insurance claim can be started over the phone by the beneficiary, employer, or funeral home. Flexible Information can be provided in a variety of ways: by phone, fax, mail or . Efficient Lincoln Financial follows up to gather any additional necessary information and partners with you to determine what records are needed. Integrated All previous information on an individual s policy is automatically available to our claims representatives, allowing them to process the claim seamlessly while minimizing the need to contact you. Seamless Our LINKS process allows for automatic transfer of information from a life waiver claim to the start of a death claim; no separate claim form needs to be submitted for term and supplemental life insurance. Since our universal life insurance is issued to the individual, a separate claim form is required. Proactive Lincoln Financial takes the initiative to track unclaimed life insurance payments and reissue checks. I m single. I don t own a home, but I do have a few loans, and I d like to leave some money to my family if something happens to me. That s why I have term life insurance. My mortgage is paid off. My children are grown. But I m retiring soon, and I m glad I ll still have my universal life insurance for my retirement years. TERM TERM TERM TERM UNIV With a growing family, I m glad I have term life and supplemental life coverage. If something happens to me, I know the mortgage and college expenses will be taken care of and when I retire, I ll still have universal life to protect my family s financial future. What more can you offer? Be sure your employees have access to the full range of life insurance options, for every stage of their lives. Contact your Lincoln employee benefits expert to learn more.

6 2013 Lincoln National Corporation 150 N. Radnor-Chester Road Radnor, PA LincolnFinancial.com LCN ECG 4/13 Z02 Order code: LFE-BRER-BRC001 Guarantees are subject to the claims-paying ability of the issuing company. Support services for term life insurance are provided by ComPsych Corporation, Chicago, IL. Travel assistance services are provided by FrontierMEDEX, Baltimore, MD. ComPsych and FrontierMEDEX are not Lincoln Financial Group companies. Coverage is subject to actual contract language. Each independent company is solely responsible for its own obligations. Insurance products (policy series GL1101, ULPD5048) are issued by The Lincoln National Life Insurance Company (Fort Wayne, IN), which does not solicit business in New York, nor is it licensed to do so. In New York, insurance products (policy series GL1101) are issued by Lincoln Life & Annuity Company of New York (Syracuse, NY). Both are Lincoln Financial Group companies. Product availability and/or features may vary by state. Limitations and exclusions apply. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations.