Lincoln MoneyGuard^® II — a lasting gift opportunity

Older parents and grandparents can help satisfy an important planning need for their children and grandchildren, while leaving a lasting legacy. Look in your book for clients who may be gifting annually to their children or have contributed to a 529 for a grandchild.

Here’s an example of how annual gifting can help fund LTC protection for the next generation and beyond.

Situation

• A 74-year-old client who has already addressed LTC themselves has a 45-year-old married daughter and grandson completing college.

• The adult daughter is funding her retirement plan but lacks the resources to simultaneously plan for financial protection if an LTC event occurs.

• Your client would like to help protect their daughter from an unexpected LTC expense.

One Solution

• Your client finances a Lincoln MoneyGuard II policy with inflation protection for the daughter.

• A brief underwriting phone call is arranged with the daughter to establish her insurability.

• Expanded flexible payment options are used to fund a 20-pay strategy.

• Spreading out the payments over 20 years allows for lower premiums to fit within annual gifting limits.

• Alternatively, your client can retain ownership and control of the policy, avoiding the necessity of gifting.