Effective June 14, 2021, Lincoln will have the following requirement for new sales in the state of Washington for Lincoln MoneyGuard® III and Lincoln MoneyGuard Market Advantage®:
▪ For policies with issue ages below 60, the minimum initial premium due at-issue must be at least $7,500.
No other states are impacted by this change.
Application Deadline
To accommodate applications completed but not yet submitted, all new applications impacted by the Washington change must be received in-good-order by Lincoln by end of day June 14, 2021. This does not impact pending or issued business.
Illustration Updates
Lincoln’s DesignItSM (v.53.0C) and WinFlex illustration systems have been updated with this change effective June 14, 2021. If you have an active internet connection, the software will automatically update to include these updates on June 14, 2021.