2022-05-16 | NYSE: LNC | Press release

Lincoln Financial Introduces Innovative New Benefit Shift Rider Available with MoneyGuard Fixed AdvantageSM

Lincoln Financial Group (NYSE: LNC) today launched the next generation of Lincoln MoneyGuard® by introducing MoneyGuard Fixed BenefitSM, a universal life insurance policy with a long-term care rider. the MoneyGuard solutions suite helps address concerns of 87% of Americans surveyed who say having a long-term care solution would help them feel more confident about their financial future1.

“The MoneyGuard suite of solutions provides options so our customers have the freedom to choose what best suits their individual needs and circumstances,” said Heather Deichler, Senior Vice President, MoneyGuard Business Management. “Long-term care planning is more than having enough money to pay for care services. It’s about developing an overall strategy to better prepare for the emotional and financial decisions that come with a long-term care event. MoneyGuard Fixed BenefitSM gives clients more control over decisions that affect them and their family.”

MoneyGuard Fixed BenefitSM preserves the basic design features of the current MoneyGuard Universal Life and introduces the new Benefit Transfer Rider (BTR), automatically included at no additional cost. This innovative rider provides the ability for a beneficiary to enhance the long-term care and death benefits of their existing policy by leveraging death claim proceeds from another person’s policy. The increase in long-term care and death benefits will always be greater than the amount transferred to the contract.

To use the Benefit Transfer Rider, both the Insured and the Beneficiary must be policyholders with BTRs on both policies3 and the beneficiary is the insured under his own policy. If the conditions are met, beneficiaries can choose to:

  • take the full income of the tax-free death benefit2 or
  • use the full death benefit to purchase more benefits on their own policy or
  • take partial death benefit income tax-free and use the rest to buy more benefits on their own policy2

No additional subscription is required to transfer benefits and policy fees do not increase if benefits are enhanced through the rider. This rider can be used up to age 121.

The endorsement goes beyond married couples and can be used with couples, siblings, parents, estate planning, or anyone named as a beneficiary to help start important conversations about planning for healthcare expenses. long duration. These conversations are critically important – 82% of consumers surveyed say they would like to talk more about long-term care plans and options before they are needed1.

Additionally, Flexible Care Cash benefits will be extended to seven days a week (previously five), giving customers greater flexibility and access to cash for their informal care needs. Flexible Care Cash provides access to a cash benefit for care needs and allows the use of 50% of the maximum daily benefit per occurrence (up to the IRS daily limit). The cash benefit is payable without receipts and care can be provided by family members, including spouses. For days when formal care is used, reimbursement of up to 100% of the per diem is available.

“Long-term care events happen to loved ones, not just one person. We want to help Americans take control and protect their legacy with the flexibility to plan for their unique circumstances,” said Bill Nash, senior vice president, MoneyGuard Distribution. “As a leader in the hybrid long-term care market, with more than 30 years of experience providing long-term care solutions, Lincoln has remained committed to providing innovative solutions to meet the ever-changing needs from our customers.”

Lincoln is committed to investing in innovative product solutions, data, tools and technology that enhance the customer experience. Other recent examples of innovation include the launch of MoneyGuard Market Advantage™a enhanced digital claims experience and the Lincoln Concierge Care Coordination platform aimed at guiding clients and their families on how to plan for the long-term impacts of an event.

  1. VerstaResearch, “2020 LTC Marketing and Thought Leadership Research, Advisor and Consumer Survey Results,” August 2020. http://visit.lfg.com/MG-VRST-PPT001
  2. Beneficiaries may receive a non-taxable death benefit under IRC Section 101(a)(1).
  3. Both fonts do not need to be open at the same time.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, approximately 16 million customers trust our expertise in retirement, insurance and wealth protection to help them achieve their lifestyle, savings and income goals, and protect themselves. against long-term care costs. Based in Radnor, Pennsylvania, Lincoln Financial Group is the trading name of Lincoln National Corporation (NYSE: LNC) and its subsidiaries. The company had $308 billion in account value at the end of the period March 31, 2022. Lincoln Financial Group is a committed corporate citizen that is listed in major sustainability indices, including the Dow Jones Sustainability Index North America and FTSE4Good, and ranks among Newsweek’s Most Responsible Companies. Dedicated to diversity, equity and inclusion, we are listed on transparency benchmarking tools such as the Corporate Equality Index, Disability Equality Index and the Bloomberg Gender Equality Index. Committed to providing our employees with flexible working conditions, we have been named FlexJobs’ list of top 100 companies to watch for remote jobs in 2022. With a long and storied heritage of acting ethically, speaking the truth and standing up for what is right, Lincoln has been recognized as one of Ethisphere’s The world’s most ethical companies in 2022®. Learn more about: www.LincolnFinancial.com. follow us on Facebook, Twitter, LinkedInand instagram. Sign up for email alerts at http://newsroom.lfg.com.

Important information:

MoneyGuard Fixed BenefitSM is issued by The Lincoln National Life Insurance Company, Fort Wayne, IN on policy form ICC19-MG890/19-MG890, with a Long Term Care Benefits Endorsement (LTCBR) on endorsement form ICC19LTCBR-890/ LTCBR-890 and a value protection endorsement Approval on form ICC19END-10534/END-10534, Living Well Approval on form ICC18END-7058/END-7058, and Flexible Care Cash Endorsement on form ICC21AMD-7097/AMD -7097.

The insurance policy and endorsements have limitations, exclusions and reductions; and are subject to medical underwriting. Long term care benefit riders may not cover all costs associated with long term care expenses incurred by the insured during the period of coverage. All provisions of the contract, including limitations and exclusions, should be carefully reviewed by the owner. For full coverage details and costs, contact your agent or producer. A version of Lincoln Concierge Care Coordination is guaranteed for Lincoln MoneyGuard® insured solutions. However, the tools, resources and services may change or evolve over time.

All coverage and benefits under the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not endorsed by the broker-dealer and/or insurance agency selling the policy, or by any affiliates of such entities other than affiliates of the issuing company, and no one makes any representation or warranty regarding the issuer’s claims-paying ability.

When you contact our claims department to file a claim, we will request that an assessment be performed by a licensed medical professional to determine your eligibility for benefits. If we provide the expert, he will be provided at our expense. We may also choose to accept your licensed healthcare professional’s assessment. To be eligible for benefits, the licensed health professional performing the assessment must certify that you have a chronic condition and are unable to perform at least two activities of daily living (bathing, continence, dressing, eating, toilet and transfer) for at least 90 days. You are also considered chronically ill if you need significant monitoring to protect yourself from health and safety threats caused by severe cognitive impairment. Recertification of your eligibility for benefits is required at least once a year

The purpose of this communication is insurance solicitation. A licensed insurance agent or company may contact you.

MoneyGuard Fixed Benefit not available in all states; check status availability. Lincoln National Life Insurance Company does not issue products in New York.



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