Now Available – Lincoln MoneyGuard® III in Delaware and the District of Columbia (DC)

Effective October 21, 2019, The Lincoln National Life Insurance Company (Lincoln) introduced the latest updates to its MoneyGuard solutions suite with Lincoln MoneyGuard® III in Delaware and the District of Columbia (DC).
As part of our long-standing commitment to provide you and your clients with our strongest long-term care solutions, we are constantly reviewing and enhancing our product lineup. As a result, we are pleased to announce the launch of Lincoln MoneyGuard® III, which offers a new Long-Term Care Benefits Rider (LTCBR) design for simplified policy designs and consistent benefit period pricing.
The introduction of the Transitional Care Assistance Benefit and the Terminal Illness Rider adds additional flexibility for clients to provide for their care needs. In addition, Lincoln MoneyGuard® III will be expanding our return of premium options, issue ages and payment options to provide more financial flexibility to clients.

Lincoln MoneyGuard® III complies with Principle-Based Reserving (PBR)/2017 CSO Mortality Table regulatory adopted by the NAIC. Following a transition period, Lincoln MoneyGuard® III will replace currently sold Lincoln MoneyGuard® II (2019) in all approved states.

Availability and Transition Guidelines
Please note the following transition guidelines for Lincoln MoneyGuard® II (2019) apply to all states except New York and California.
For applications to qualify for the current Lincoln MoneyGuard® II (2019), a projection of values and the
completed Part I must be signed, dated and received in good order by Lincoln’s Home Office by Friday, November 1, 2019.
For pending or issued business, after October 21, 2019, Lincoln will accept requests to change to Lincoln MoneyGuard® III by submitting a revised projection of values.
• Before policy issue (or reissue if currently in issued status), a signed Terminal Illness Disclosure will be required.
• Prior to policy placement, a completed Lincoln MoneyGuard® III Part I Application will be required (in place of completing a new Part I, Lincoln can amend the current Lincoln MoneyGuard® II Part I to satisfy this requirement).
• In addition, the advisor should provide the updated Outline of Coverage to the client.
For placed business, normal internal replacement guidelines apply. Rewrites will not be accepted.
Standard MoneyGuard rules apply during this transition
• Ensure that you are appropriately credentialed. Clients of advisors who are not properly credentialed to solicit business when the paperwork is submitted will be subject to the premium rates in effect on the date when the advisor becomes properly credentialed and resubmits the paperwork.
• Remember that once an application is submitted, the Personal History Interview (PHI) must be completed within 60 days of submission. In addition, the case must be placed within 90 days of the PHI (or within the non-PBR/2017 CSO deadline on the next page). If these conditions are not met, the case will be closed out. If a case is reopened, a new Part 1 must be submitted, and the case will be subject to the product available at that time.