Lincoln Offering Real-Time Approval for Eligible MoneyGuard Cases
FROM LINCOLN...
Beginning March 13, 2023, Lincoln is excited to provide you and your clients with a Real-Time Approval for eligible Lincoln MoneyGuard cases. For a portion of your business, clients who are in excellent health and are able to be approved by our automated underwriting process may be informed of their approval immediately after their interview.
What is Real-Time Approval?
Real-Time Approval is the immediate communication of an underwriting approval at the end of the client online or phone interview*. The client will be told they are approved either on the interview completion screen or by the telephone interviewer. The writing agent and case contact will also receive notice of the approval.
If the client does not receive a Real-Time Approval at the end of the interview, the case will continue as it does today. There will be no change to the underwriting and follow-up process. The agent and case contact will be notified through Lincoln’s standard pending case status process. They will be informed if the policy has been referred to an underwriter, postponed or declined.
Click to view a Real-Time Approval agent training video.
Eligibility
Products: Lincoln MoneyGuard Market Advantage, Lincoln Moneyguard Fixed Advantage
Ages: 60 and younger
States: all states
Click to view a workflow example of how Real-Time Approval works.