Like many people, you want to help protect your retirement savings from health-related expenses, such as long-term care.
Planning ahead with Lincoln MoneyGuard® II gives you flexible options beginning at age 40. This universal life insurance with an optional long-term care benefit rider gives you a choice of premium payment options of one through 25* years. Unlike traditional long-term care insurance, your policy costs are set at issue and will never increase provided your premiums are paid as planned and no loans or withdrawals are taken. Your policy provides benefits, even if you never need care, provided all total planned premiums are paid.
You’ve got benefits:
- BENEFITS IF YOU NEED CARE – You get more for your money because your policy provides income tax-free reimbursements for qualified long-term care expenses worth more than your premium payments. Once eligible, there’s no deductible or waiting period, which could make a real difference in your total out-of-pocket costs for qualified long-term care expenses.
- A BENEFIT IF YOU DON’T – Your policy provides an income tax-free death benefit. Your children, or other loved ones, designated as beneficiaries, will receive a legacy.2 The death benefit would be reduced by any loans, withdrawals and benefits paid.
- RETURN OF PREMIUM OPTIONS – You have options. You may choose to maximize your long-term care benefits. A return of 80% of your paid premiums is available once all total planned premiums are paid. Or you can maximize your return of premium — 100% return of premium is available after year five, subject to a vesting schedule, provided all premiums are paid as planned; additional cost may apply.