LTC PRODUCT ALERT! MoneyGuard and SecureCare Pricing News

Effective June 15, 2020, Lincoln Financial will implement pricing increases to all products in the Lincoln MoneyGuard solutions suite. Adjustments on flex-pay designs will see a pricing increase of approximately 15%. Single-pay designs will see a pricing increase of approximately 20%.

 

For applications to qualify for the current pricing, a projection of values and the completed application Part 1 must be signed, dated and received in good order by Lincoln’s home office by Friday, June 26, 2020.

 

All pending business must be issued, or 1035 exchanges initiated (where applicable), on or before August 28, 2020. Full transition details here.

 

New SecureCare rates go into effect on July 18. Rate increases average 13.5% on single-pays, slightly less for other premium paying formats. Full transition details here.

 

 

Contact our Case Design Team now! Asset-based linked benefits remain a highly effective way provide leveraged, efficient pools for long term care needs. Blame the low interest rate environment for this current round of cost increases, but these vehicles are interest rate neutral in client care planning.