Lincoln in Talks With Talcott for Multibillion-Dollar Risk Deal
July 22, 2026 by Alexandre Rajbhandari
Wink’s Moore on the Market: Remember the Guaranteed Universal Life (GUL) arms race that occurred just after the turn of the century?
Turns out, not many want that business on their books anymore. -sjm
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Lincoln National Corp. is in advanced talks with Talcott Financial Group for a reinsurance deal that would shift billions of dollars of life insurance reserves off its balance sheet, according to people familiar with the deliberations.
The deal is expected to focus on roughly $5 billion of universal life with secondary-guarantee policies, the people said, asking not to be identified because the discussions are private. Secondary guarantees prevent life insurance policies from lapsing, regardless of their value.
Originally Posted at Advisor Perspectives on 7/15/2026 by Alexandre Rajbhandari.
Categories: Industry Articles
