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UID:10000237-1743408000-1744650000@newmanltc.com
SUMMARY:Lincoln MoneyGuard Fixed Advantage® (2025) launches
DESCRIPTION:Lincoln MoneyGuard Fixed Advantage 2025 will launch on April 14 in most states\, replacing the currently sold MoneyGuard Fixed Advantage®– 01/22/24. \n\n\n\nSummary of Key Updates \n\n\n\n\nPoint of Claim payment option—At time of claim\, client makes an irrevocable decision to receive benefits either as 100% reimbursement\, or to receive an indemnity benefit equal to 80% of their monthly benefit amount.\n\n\n\nLife and LTC premium split reporting—The owner will see one billed premium; for reporting purposes there will be a split between Life and LTC premiums to allow for tax deductibility potential for the portion of premiums identified as long-term care coverage.\n\n\n\nIncreases for Specified Amount will be allowed—Allows for the flexibility to potentially increase benefits post issue.\n\n\n\nPricing impact—Overall\, the pricing for MoneyGuard Fixed Advantage (2025) will be consistent with the current MoneyGuard Fixed Advantage offering Most design offerings will see minimal pricing differences ranging from -1% to +1%. The design offerings featuring 5% compound inflation will see an average increase of 9%\n\n\n\n\nSee the bulletin for full details including implementation timelines.
URL:https://newmanltc.com/event/lincoln-moneyguard-fixed-advantage-2025-launches/
CATEGORIES:Lincoln,Linked
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