Never miss any update

Subscribe to the Planning Tips and Carrier News for Advisors newsletter today to receive updates on the latest news from our carriers.

Your privacy is important to us. We have developed a Privacy Policy that covers how we collect, use, disclose, transfer, and store your information. 

Aug 16, 2021 • LTCI Partners

Lincoln MoneyGuard Washington Update

  • Lincoln MoneyGuard® Changes in Washington
    • Effective June 14, 2021, Lincoln will have the following requirement for new sales in the state of Washington for Lincoln MoneyGuard® III and Lincoln MoneyGuard Market Advantage®:
    • For policies with issue ages below 60, the minimum initial premium due at-issue must be at least $7,500.
    • No other states are impacted by this change.

 

   

Lincoln’s Underwriting & New Business department is committed to helping your clients secure long-term care coverage in anticipation of the upcoming Washington state legislation guidelines regarding the Long-Term Services and Supports Trust Program.

We encourage you to submit any Washington cases as soon as possible. While we cannot guarantee placement by the November 1, 2021 deadline, the following guidelines and key dates should be followed to help you place inforce your case(s) before November 1.

 

Submission Guidelines

 

Written by LTCI Partners