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Lincoln strengthens honour-winning digital capabilities that accelerate speed and convenience

Lincoln Fiscal Group (NYSE: LNC) was selected today for a 2022 Model Insurer Award by Celent, a inquiry and consulting firm focused on the application of data technology in the global fiscal services manufacture. The Celent recognition coincides with upcoming digital enhancements announced this calendar week past Lincoln Financial, including expanded availability of Lincoln TermAccel®, a Term life insurance policy offer a fully electronic buy feel, as well equally enhancement to several digital underwriting and new business processes.

"The protections and opportunities that life insurance provides to individuals and families are as of import as ever, and Lincoln is committed to making it easy and convenient for customers to purchase and manage their policies. We are proud that today's Celent Award recognizes our delivery to our customers," said Heather Milligan, senior vice president of Life Underwriting and New Business organisation for Lincoln Financial. "As an honor-winning leader in delivering digital capabilities, nosotros keep to invest in loftier-tech buying and service experiences to encounter the speedily evolving needs and expectations of our clients and financial professionals."

Digital Expansion and Enhancements

The post-obit enhancements volition be available March 28, 2022:

• Lincoln TermAccel – For clients ranging from millennials to late Generation Xers looking for affordable Term insurance coverage, Lincoln is increasing the maximum confront amount of TermAccel policies to $2.five meg. TermAccel offers an electronic awarding, underwriting and delivery procedure, and the opportunity to waive underwriting lab tests.
• Automatic Underwriting and Lab-Gratis Expansion – Lincoln is increasing the maximum face amount eligibility for automated underwriting and lab-costless underwriting to $2.v million for Term, Universal Life (UL), Indexed UL (IUL) and Variable UL (VUL) cases submitted via the LincXpress® and Lincoln TermAccel ticket submission process. Automated underwriting leverages technology to process and verify application data and make underwriting decisions. Lab-complimentary underwriting provides qualifying clients the opportunity to accept underwriting labs waived. The ii processes provide a more user-friendly, less invasive and faster underwriting experience without compromising run a risk assessment.
• Application Enhancements – Lincoln is launching an updated application bundle for all Term, UL, IUL and VUL policies and submission methods, including electronic applications, tickets and traditional applications. This updated application package is designed to enhance the user experience when completing and applying for a policy and reduce overall turnaround times by making case processing and underwriting more efficient.

"Client expectations for digital availability and commitment are speedily evolving and Lincoln is focused on anticipating and meeting customer needs, while providing a personalized customer experience," said Rob Klaczak, senior vice president and divisional chief information officer of IT Annuities, Life and Distribution, Lincoln Fiscal Group. "The expansion of our digital tools and life insurance offerings, paired with Celent's Model Insurer recognition, emphasize our connected commitment to offering comprehensive digital capabilities equally we transform the customer journey with modernized e-initiatives."

The Celent Model Insurer Award recognizes companies that technologically transform the end-to-end life insurance experience for consumers and financial professionals. Cardinal Lincoln capabilities highlighted with the award, included online application interviews, the ability to resolve outstanding awarding requirements electronically, digital policy delivery and electronic billing and payment options.

For boosted data on the Lincoln Celent Model Insurer Laurels, click here.

Nigh Lincoln Fiscal Grouping

Lincoln Financial Grouping provides advice and solutions that aid people accept charge of their fiscal lives with confidence and optimism. Today, more than 17 1000000 customers trust our retirement, insurance and wealth protection expertise to help accost their lifestyle, savings and income goals, and baby-sit against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $324 billion in cease-of-catamenia business relationship values as of December 31, 2021. Lincoln Financial Grouping is a committed corporate denizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good and ranks amongst Newsweek'southward Most Responsible Companies. Dedicated to multifariousness, equity and inclusion, we are included on transparency benchmarking tools such every bit the Corporate Equality Index, the Inability Equality Index and the Bloomberg Gender-Equality Index. Committed to providing our employees with flexible piece of work arrangements, nosotros were named to FlexJobs' list of the Superlative 100 Companies to Picket for Remote Jobs in 2022. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign upward for email alerts at http://newsroom.lfg.com.

LCN: 4543224-031522

View source version on businesswire.com: https://www.businesswire.com/news/abode/20220316005756/en/

How To Sell High Ticket Consulting Services... ​even If Nobody's Ever Heard Of You,

Source: https://markets.financialcontent.com/townhall/article/bizwire-2022-3-16-celent-model-insurer-award-winner-lincoln-financial-group-expands-digital-processes-and-policies

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