Lincoln Financial Group Expands Payment Options for Lincoln MoneyGuard II

Expanded Payment Options for Clients Provide Greater Flexibility at
an Earlier Age and an Ability to Potentially Spread Payments up to 25

RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today announced expanded payment
options for MoneyGuard® II, the hybrid
life/long-term care (LTC) funding solution issued by The Lincoln
National Life Company. New expanded payment options will provide even
greater flexibility for clients who might want to purchase a hybrid
life/long-term care solution at an earlier age, and spread payments over
a longer period of time, potentially up to 25 years. MoneyGuard II
was initially introduced to the marketplace in 2014 and allowed clients
to pay premiums over time, up to ten years, which helped advisors
provide clients with flexible solutions to help protect savings from the
impact of LTC expenses.

“Since the launch of MoneyGuard II, we’ve seen a tremendous
response in the marketplace to the payment flexibility this solution
offers,” said Mike Hamilton, vice president, MoneyGuard Product
Management, Lincoln Financial Group. “These new extended payment options
provide clients considering a hybrid life/long-term care solution the
potential to spread payments over a longer period of time, delivering
greater flexibility and tailoring to their needs.”

New payment period options for MoneyGuard II will be as follows:

  • Clients between the ages of 40-54: payment options up to age 65,
    potentially as long as 25 years
  • Clients between the ages of 55-72: payment options up to 10 years
  • Clients between the ages of 73-79: payment options up to 9 years at
    age 73, graded down by one year at each subsequent age, to 3 years of
    payments at age 79

Clients may also choose to pay a one-time, single premium.

Research shows that 1 out of 2 Americans turning 65 will need some form
of long-term care in their lifetime due to a life event or illness.1
However, savers often hold off on discussing long-term care options with
their advisors, and tend to purchase policies later in life.

“Our MoneyGuard franchise is strong, and we maintain a continued
focus on product innovation and bringing the most meaningful solutions
to market,” said Bill Nash, MoneyGuard national sales manager,
Lincoln Financial Distributors. “These enhancements will help advisors
reach an even broader client base, at a time when long-term care and
longevity planning are very important.”

Lincoln MoneyGuard solutions have been helping clients for over a
quarter century protect their wealth from long-term care expenses.
Lincoln MoneyGuard II is a universal life insurance policy with
an optional long-term care benefit rider that provides clients income
tax-free2 benefits to reimburse their qualified long-term
care costs. It allows clients to select premium payments that fit their
needs or choose from return of premium options that allow them to
maximize LTC benefits or increase liquidity.3,4 With MoneyGuard
II, policy charges are guaranteed as long as clients pay their premiums
as scheduled.

Policyholders also have access to Lincoln Concierge Care Coordination, a
suite of tools to help clients and their families with formal and
informal care options and to coordinate the type of care needed. MoneyGuard
II has no elimination or deductible period, which can help reduce total
out-of-pocket costs for qualified long-term care expenses.

For additional information about the product, visit

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower
people to take charge of their financial lives with confidence and
optimism. Today, more than 17 million customers trust our retirement,
insurance and wealth protection expertise to help address their
lifestyle, savings and income goals, as well as to guard against
long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln
Financial Group is the marketing name for Lincoln National Corporation
(NYSE:LNC) and its affiliates. The company had $229 billion in assets
under management as of December 31, 2016. Learn more at:
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About Lincoln Financial Distributors

Lincoln Financial Distributors, Inc. (LFD), the wholesale distribution
business of Lincoln Financial Group (LFG), provides expertise and access
to a range of solutions that help advisors protect wealth and deliver
outcomes for their clients. Lincoln’s broad portfolio includes
innovative annuity, life insurance and retirement solutions that focus
on addressing issues related to taxes, healthcare, longevity, inflation
and market volatility. LFD comprises seasoned financial professionals
who distribute Lincoln products through licensed insurance agents,
registered broker-dealers, and other financial services intermediaries.
Affiliates are separately responsible for their own financial and
contractual obligations.


Lincoln MoneyGuard® II is a universal life insurance policy with
a Long-Term Care Acceleration of Benefits Rider (LABR) that accelerates
the specified amount of death benefit to pay for covered long-term care
expenses. Long-Term Care Extension of Benefits Rider (LEBR) is available
to continue long-term care benefit payments after the entire specified
amount of death benefit has been paid. The return of premium options are
offered through the Value Protection Rider (VPR) available at issue;
Base option (1) is included in the policy cost; Graded option (2) is
available at an additional cost. Any additional surrender benefit
provided will be adjusted by any loans/loan interest/loan repayments,
withdrawals taken, and claim payments made, and may have tax
implications. The cost of riders will be deducted monthly from the
policy cash value. The insurance policy and riders have limitations,
exclusions, and/or reductions. Additionally, long-term care benefit
riders may not cover all costs associated with long-term care costs
incurred by the insured during the coverage period. All contract
provisions, including limitations and exclusions, should be carefully
reviewed by the owner. Benefits provided are subject to medical

Issued by The Lincoln National Life Insurance Company, Fort Wayne,
IN, on Policy Form LN880 with the following riders: Value Protection
Rider (VPR) on form LR880 Rev; Long-Term Care Acceleration of Benefits
Rider (LABR) on form LR881; optional Long-Term Care Extension of
Benefits Rider (LEBR) on form LR882.

All guarantees and benefits of the insurance policy are subject to
the claims-paying ability of the issuing insurance company.
They are
not backed by the broker-dealer and/or insurance agency selling the
policy, or any affiliates of those entities other than the issuing
company affiliates, and none makes any representations or guarantees
regarding the claims paying ability of the issuer.

Product not available in New York.

The purpose of this communication is the solicitation of insurance. An
insurance agent /producer or insurance company will contact you.

1 Department of Health & Human Services, “Long-Term Services
and Support for Older Americans’ Risks and Financing,” ASPE Issue
revised February 2016, page 1.

2 Long-term care reimbursements are generally income tax-free
under IRC Section 104(a)(3). The benefit is subject to annual and
monthly maximums and is available for a specific number of years based
on the optional riders purchased (up to 7 years).

3 A return of 80% of paid premiums is available once all
planned premiums are paid. The money returned will be adjusted for any
loans, withdrawals and benefits paid, and will have tax implications.
Rider contains complete terms and conditions. If surrendered before the
planned premiums are paid, the surrender value will be paid.

4 100% return of premium is available after year 5 provided
all planned premiums are paid; additional cost applies. The money
returned will be adjusted for any loans, withdrawals and benefits paid,
and will have tax implications. Prior to year 5, provided all planned
premiums are paid, the ROP is subject to a vesting schedule, beginning
at 80% in year 1, increasing to 100% in year 6. Rider contains complete
terms and conditions. If surrendered before the planned premiums are
paid, the surrender value will be paid.

LCN: 1668488-1221166


Lincoln Financial Group:
Jay Russo, 860-466-1324
Financial Distributors:
Stephanie Jacobson, 484-583-2499