Lincoln MoneyGuard: Updates for Issue Ages and Policy Design Availability
Effective 5/10/21, Lincoln is introducing the following updates to availability for issue ages and policy designs.
Policy Designs
The following updates, which are effective immediately, are being made for policy design availability. These changes apply to MoneyGuard III (2020), MoneyGuard II (2020) and MoneyGuard II NY. No new applications will be accepted after 5/10 for the following policy designs:
- 6-year benefit duration with 5% inflation;
- 7-year benefit duration with 3% inflation;
- 7-year benefit duration with 5% inflation.
Issue Ages
The following updates are being made for Issue Age availability:
MoneyGuard® III (2020) – 06/15/20 will be allowing for issue ages 40-80. This will open up issue ages 71-80, while closing issue ages 30-39
MoneyGuard® II (2020) – 06/15/20 will be allowing for issue ages 40-79. This will open up issue ages 71-79
MoneyGuard® II NY – 06/15/20 will be allowing for issue ages 40-79. This will open up issue ages 71-79