Lincoln Life Insurance company is a major player in the term life insurance 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.