Lincoln National Unveils Elite IUL Portfolio With New Growth Features

Lincoln National Corporation LNC recently introduced the first product in its upcoming Elite Indexed Universal Life (IUL) Portfolio, Lincoln WealthBuilderSM IUL. 

Once fully launched, the Elite IUL Portfolio will include three distinct products, starting with Lincoln WealthBuilderSM IUL, designed to align with varying risk profiles and long-term financial goals by providing access to enhanced volatility-controlled indices (VCIs) based on the S&P 500, incorporating traditional and uncapped indexed account options and offering additional growth potential through a Performance Multiplier Rider. 

Lincoln National has collaborated with the S&P 500 to introduce a new class of VCI to the IUL space. These indices aim to stabilize returns by managing risk exposure and maintaining a target volatility level, helping to reduce the impact of extreme market swings. The new indexed accounts—launched through Lincoln WealthBuilderSM IUL—are tied to two advanced S&P indices: S&P 500 Dynamic Intraday TCA 15% Index and S&P 500 Daily Risk Control 10% Index. 

Each product in the Elite IUL Portfolio will include a variety of indexed strategies tailored to different financial preferences. In addition to the enhanced VCI options, the portfolio will feature a traditional capped S&P 500 indexed account and a lower-volatility VCI with uncapped return potential and a high participation rate. Policyholders can diversify across multiple indexed accounts or adjust their allocations in response to life events, financial goals or market trends. 

The Elite IUL Portfolio will include optional riders aimed at increasing upside potential. Notably, the Performance Multiplier Rider allows policyholders to exceed traditional cap limits on select one-year accounts by paying an extra fee for a performance boost. Additionally, the Enhanced Overloan Protection Rider helps safeguard policies that are highly funded and heavily loaned from lapse, offering greater security while still enabling clients to pursue growth strategies.

LNC’s Motive Behind Such Product Launches

The newly introduced Elite IUL Portfolio is expected to enhance Lincoln National’s recently upgraded Variable Universal Life (VUL) products, supporting its ongoing strategic transition toward providing a balanced portfolio of protection and wealth accumulation products. Two innovative VUL insurance products, including an upgraded version of the Lincoln AssetEdge VUL (2025) and the brand-new Lincoln AssetEdge SVUL, were unveiled by LNC in January 2025. 

The addition of the Elite IUL Portfolio will enhance the life insurance business of Lincoln National.  Such lucrative products are expected to bring in higher sales and therefore, provide an impetus to the Life Insurance segment of LNC. The recent announcement also seems to be a time opportune one and the reason behind it has been cited by management. IUL accounted for nearly 25% of the U.S. life insurance market in 2024, and per LNC research, 69% of consumers prefer solutions that offer a blend of growth and protection. 

Lincoln National’s Price Performance & Zacks Rank

Shares of Lincoln National have gained 22.7% in the past year compared with the industry’s 13.7% growth. LNC currently carries a Zacks Rank #3 (Hold).

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Stocks to Consider

Some better-ranked stocks in the insurance space are EverQuote, Inc. EVER, Old Republic International Corporation ORI and Horace Mann Educators Corporation HMN. While EverQuote currently sports a Zacks Rank #1 (Strong Buy), Old Republic and Horace Mann carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

EverQuote’s earnings surpassed estimates in each of the last four quarters, the average surprise being 160.73%. The Zacks Consensus Estimate for EVER’s 2025 earnings indicates a rise of 34.1% while the same for revenues implies an improvement of 25.2% from the respective 2024 figures. The consensus mark for EVER’s 2025 earnings has moved 45.7% north in the past 30 days. 

The bottom line of Old Republic beat estimates in each of the trailing four quarters, the average surprise being 37.25%. The Zacks Consensus Estimate for ORI’s 2025 earnings indicates a rise of 5% while the same for revenues implies an improvement of 8.1% from the respective 2024 figures. The consensus mark for ORI’s 2025 earnings has moved 2.6% north in the past 60 days.

Horace Mann’s earnings outpaced estimates in two of the trailing four quarters, matched the mark once and missed the same in the remaining one occasion, the average surprise being 13.17%. The Zacks Consensus Estimate for HMN’s 2025 earnings indicates a rise of 21.7% while the same for revenues implies an improvement of 8.7% from the respective year-ago estimates. The consensus mark for HMN’s 2025 earnings has moved 1.3% north in the past 60 days. 

Shares of EverQuote, Old Republic and Horace Mann have gained 61.7%, 28% and 17.2%, respectively, in the past year. 

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This article originally published on Zacks Investment Research (zacks.com).

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