Click here for the full Lincoln MoneyGuard bulletin outlining these changes:
Jordan Carreira, VP Chief Underwriter and Dr. John Greene are pleased to announce some great news regarding MoneyGuard® prequalification changes!
Effective immediately, the following surgeries may be accepted with no postponement period requirement, even if the surgery is contemplated but not yet completed or scheduled:
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• Abdominoplasty
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• Liposuction
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• Appendectomy
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• Lithotripsy
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• Cataract Extraction
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• Myringotomy
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• Cholecystectomy
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• Mammoplasty – Augmentation or Reduction
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• Colonoscopy
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• Rhinoplasty
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• Cystoscopy
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• Sinus Surgery
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• Esophagogastroduodenoscopy (EGD)
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• Tonsillectomy/Adenoidectomy
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• Facelift or Other Cosmetic Surgery
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• Transurethral Resection of the Prostate (TURP)
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• Gallbladder Surgery
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• Tubal Ligation
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• Hemorrhoidectomy
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• Urethral Dilatation
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• Hernia Repair
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• Vasectomy
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• Hiatal Hernia Repair
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• Vein Ligation/Stripping
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And some more great news for Military Veterans!!
Effective immediately, MoneyGuard® applicants that indicate they receive a Military related disability pension amount will NOT be an automatic disqualifier for MoneyGuard® coverage.
It is possible that someone collecting disability for a service related injury from years ago may not be disabled at all. The underwriter will rely on the information provided in the Interview itself for the final underwriting decision on the qualification for MoneyGuard® coverage. Please note, having a handicap sticker or permit with a service related disability is still a disqualifying factor for MoneyGuard®.
We hope these new changes will help you and your clients in qualifying for the Lincoln MoneyGuard® Product!
If you have any questions, please contact your Underwriting Account Executive, Senior Underwriting Director, or Underwriter for assistance.