Lincoln's MoneyGuard Market Advantage Now Available in CA
FROM LINCOLN...
As of Feb. 13, 2023, Lincoln MoneyGuard Market Advantage has been made available in California. The product approved for sale in California is Lincoln MoneyGuard Market Advantage - 02/13/23 with updated rates in line with Lincoln MoneyGuard Market Advantage (2022). There will be no changes made to the nationally sold version of Lincoln MoneyGuard Market Advantage (2022).
Availability & Impacts to the Application Process
Applications for Lincoln MoneyGuard Market Advantage in California are now being accepted. MoneyGuard Market Advantage in California will launch with a new state specific application. We have created a Forms & Process Overview to help you navigate your new applications. Please note:
On Feb. 13, 2023, Pending and Issued applications for Lincoln MoneyGuard II (2020) may request a product switch to the new Lincoln MoneyGuard Market Advantage
For Pending business, a switch from Lincoln MoneyGuard II (2020) to Lincoln MoneyGuard Market Advantage will require a new application package, interview and illustration
Secure the proper licensing and appointment prior to submitting new/revised application paperwork
Once an application is submitted, the Personal History Interview (PHI) must be completed within 60 days of submission. In addition, the case must be placed within 90 days of the PHI
eApplication with eSignature capabilities will be made available for MoneyGuard Market Advantage in California, allowing you and your clients to complete and sign the application documents electronically. Click here for more details.
Three forms will still require a wet signature and cannot be eSigned due to CA regulations. These forms can be printed, wet signed, and uploaded during the eApplication process.
Clients in California will now have the option to complete their Personal History Interview (PHI) online by leveraging eInterview for MoneyGuard Market Advantage.
Note: MoneyGuard II (2020) will continue to use the existing application. eApplication and eInterview capabilities are not available for this Fixed Product.