Lincoln announced changes in July 2016 to its Term Conversion Guidelines to support the continuation of a comprehensive, competitive and relevant portfolio of permanent and term insurance products for your clients.
Since that time, Lincoln has continued to evaluate their Term Conversion Guidelines. This process has included many conversations with partners and careful evaluation of the meaningful feedback that they have received.
We are writing to let you know that we are finalizing adjustments to our Lincoln Term Conversion Guidelines for Term policies with an effective date prior to September 12, 2016. While we cannot reinstate our original guidelines in their entirety, we can tell you that we will be reinstating full commissions for Term Conversions in policy years two and later. We expect to announce additional adjustments after the first of the year.
It should be noted that the Term Conversion Guidelines for Lincoln Term policies with an effective date on or after September 12, 2016, will remain unchanged from what was announced in July 2016.
We thank you for your continued partnership and encourage you to contact your Lincoln representative with any questions.
Head of Insurance Solutions Distribution
Lincoln Financial Distributors
Senior Vice President, Insurance Solutions
Lincoln Financial Group