Lincoln Financial Group (NYSE:LNC) introduced the Lincoln Treasury Indexed Universal Life (IUL) solution designed to capture the benefits of a potential rise in interest rates. This baseline death benefit has the flexibility to improve and customize coverage over time based on the performance of the 10-year Treasury yield.
Lincoln Treasury Indexed UL policyholders choose their initial duration of guaranteed coverage at issue, and receive a guaranteed schedule of earned credit factors that correspond to different levels of 10-year Treasury yields. With scheduled premiums paid on time, policyholders can:
The Penn Mutual Life Insurance Company named John Laurito, CFP, ChFC, CRCP managing partner of its career agency in Boston.
Prior to joining Penn Mutual, Laurito spent nearly 20 years in the industry with financial services provider, Ameriprise. With the company, he worked as a financial advisor before transitioning to management roles as an associate vice president, field vice president and regional vice president. He was also recognized by Ameriprise with an Outstanding Leader Award in 2006 and became a Diamond Ring Club inductee in 2008.