NU Online News Service, Oct. 12, 4:17 p.m. – Lincoln Life, Hartford, Conn., says it has introduced an Estate Tax Repeal Rider to provide a safety net from the recent tax legislation.
The company's Estate Tax Repeal Rider gives clients the option to surrender their universal life insurance contracts without incurring surrender charges if the repeal of Federal estate taxes is extended through at least Jan. 2, 2013.
The new rider gives clients the ability to exit the policy without penalty if the repeal of estate taxes is extended and they feel they no longer need coverage, notes the company. The repeal is currently planned for 2010.
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