Lincoln MoneyGuard® Submission Guidelines for Washington State

From Lincoln:

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.

Important dates

• Submit all applications by September 3, 2021 to increase the likelihood of placement before November 1, 2021.

• To help ensure policy placement before November 1, 2021, all placement-restrictive requirements, including all premium(s), must be received at Lincoln in-good-order by October 25, 2021.

Any business that is not placed inforce by October 29, 2021 will continue to be processed by Lincoln, however it will not qualify for exemption from the payroll tax assessment.