Effective TODAY (3/16/20) Lincoln Financial has announced a pricing update for Lincoln MoneyGuard® III and Lincoln MoneyGuard® II (2020) in CA. It is important to note that there will be an 11 day transition period beginning TODAY (3/16) and ending Next Friday (March 27th). The two documents linked below will provide the specifics for the price adjustments and the transition guidelines for both Lincoln MoneyGuard® III and Lincoln MoneyGuard® II (2020) in CA.
Pricing Updates
- Single pays will see an increase of 8% (8% – 9% in CA)
- Flexible premium payments will see an increase that trends down as the duration of payments is extended:
- 5-pays increase 6.5%
- 10-pays increase 4.5%
- 15-pays increase 3.0%
- 20-pays increase 1.5%
- 25-pays increase 0.5%
To receive lower current rates, a projection of values and the completed Part 1 must be signed, dated, and received in-good-order by Lincoln’s home office by Friday, March 27, 2020. This is a change to rates only. There are no changes to the product structure, contract language, forms, compensation, or types of benefits provided.
Read the full Lincoln bulletins below for complete details and percent of increases: