Lincoln MoneyGuard III Hybrid Long Term Care Insurance

Lincoln Financial launched the next generation of their Hybrid Long Term Care Insurance product called Lincoln MoneyGuard III on 11/01/2019 in most 47 states with the last three States to launch on 11/15/2019.

Lincoln MoneyGuard III Hybrid Long Term Care Insurance product will pay a monthly benefit for home health care, assisted living facility, adult day care or nursing home care. If care is never needed then the plan pays a tax free life insurance benefit to the beneficiary at death equal to about 20% more than what you put in.

The plan is the only Hybrid Long Term Care Insurance policy out there that does not have a waiting period or elimination period. Lincoln however, will give you less long term care benefits for the premium dollar put in in most cases.

A few of the other highlights of the Lincoln MoneyGuard III are:

Home Health Care:

Should you prefer to have assistance in their home the Lincoln MoneyGuard III product will pay for the care.

Transitional Care:

Lets you access funds to help smoothly transition from informal to formal care.

Assisted Living

If your clients choose to downsize or prefer a social atmosphere they can use their Lincoln Money Guard III for assisted living care.

Caregiver training and care planning services:

Lincoln Money Guard III will pay for a person you feel comfortable with such as a friend to be trained and also hire people to plan the care that will be best for you.

Nursing Home Care:

Lincoln Money Guard III will of course pay for nursing home care if it comes to that.

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