Lincoln Financial Releasing New & Improved Part II & LTC Supplement

FROM LINCOLN FINANCIAL...

Lincoln Financial's Updated Part II & LTC Supplement for MoneyGuard® Applications Coming September 16

Lincoln’s MoneyGuard® Underwriting & New Business team is excited to announce that the newly updated versions of the Part II and LTC Supplement, which were made available to South Carolina in August, will soon be available nationwide! These forms and updated client interview process will be available for all Lincoln MoneyGuard® life insurance products in all states, excluding California, starting September 16, 2024.
 
Part II and LTC Supplement

The enhancements made to the Part II and LTC Supplement will improve the client personal history interview experience across all application media (electronic, telephone, paper), and are based on our experience and feedback from our valued partners. Enhancements include:

• Improved clarity of questions to reduce completion errors 

• Redesigned format which gathers more details from the client up-front to reduce additional underwriting touchpoints and increase opportunities for straight through processing

•  More checkboxes rather than freeform sections

• Alphabetical ordering of conditions

• Separated medical conditions by body system/type 

• Increased efficiencies within the underwriting process to complement Lincoln’s Real Time Approval process for eligible applicants in good health.

Transition Guidelines
The updated versions of the Part II and LTC Supplement will be available on the Forms Tool and Firm Platforms on September 16, and the electronic application platforms and the client electronic/telephone interview will automatically update to the new forms on September 16.