{"id":16837,"date":"2019-09-17T17:07:00","date_gmt":"2019-09-17T21:07:00","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=oarticle&p=4586469"},"modified":"2019-09-17T17:07:00","modified_gmt":"2019-09-17T21:07:00","slug":"lincoln-hybrid-life-ltc-solution-offers-long-term-care-planning-flexibility","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/09\/17\/lincoln-hybrid-life-ltc-solution-offers-long-term-care-planning-flexibility\/","title":{"rendered":"Lincoln Hybrid Life\/LTC Solution Offers Long-Term Care Planning Flexibility"},"content":{"rendered":"\n
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To help consumers meet the increasing need and cost of long-term care, Lincoln Financial Group (NYSE:LNC) today introduced MoneyGuard\u00ae<\/sup><\/i> III, the newest generation of its hybrid life\/long-term care funding solution.<\/p>\n

MoneyGuard <\/i>III, issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, offers new coverage and benefit options and provides greater financial flexibility to clients looking for ways to pay for future long-term care needs.<\/p>\n

\u201cStudies show that nearly half of consumers turning 65 will need some type of long-term care in the future1<\/sup> and Lincoln MoneyGuard\u00ae<\/sup><\/i> III builds on a proven solution that can help prepare people for the realities of long-term care before they need it,” said Mike Hamilton, VP, MoneyGuard Product Management. \u201cClients\u2019 needs for long-term care vary so it is important for our solutions to be flexible to meet a range of situations.\u201d<\/p>\n

Coverage Flexibility<\/b><\/p>\n

Building on the popular flexible payment options available with previous generations of MoneyGuard solutions, the newest product offers the opportunity to spread payments out over a longer period, potentially up to attained age 70, allowing clients to select premium payments that fit their needs and financial circumstances.<\/p>\n

Long-term Care Planning Flexibility<\/b><\/p>\n

MoneyGuard\u00ae<\/sup><\/i> III features several new benefits, bringing the total to 12 covered services to provide clients with more options and greater opportunities to customize their long-term care plans. The new benefits include:<\/p>\n