MoneyGuard Offers Couples Discount Program
From Lincoln:
REMINDER:
Key Dates for MoneyGuard Couples Discount Program Special underwriting program expanded to all Lincoln MoneyGuard® products placed through Dec. 30 Lincoln would like to remind you of upcoming key dates for participating in the Lincoln MoneyGuard ® Couples Discount Program.
Business must be PLACED by 12/30/2022 to receive the Couples Discount o Any case not placed by 12/30/2022 will be subject to standard underwriting
1035 exchanges must be initiated by 12/30/2022 to hold the Couples Discount
Lincoln MoneyGuard is a life insurance solution with long-term care rider(s), and this enhanced underwriting program improves pricing up to 17% and increases value, supporting our commitment to helping our partners grow their business and reach new customers.
Case Submission & Eligibility Guidelines
New policy submissions must include an illustration with the Couples Discount selected
Cases placed inforce prior to Oct. 24, 2022, are not eligible
MoneyGuard iGO eApp and traditional application submissions are eligible
To qualify for the enhanced underwriting Couples Discount, all eligible cases must be placed inforce, or 1035 exchange initiated, by Dec. 30, 2022
Transition Guidelines
For placed business, normal internal replacement guidelines apply. Rewrites will not be accepted
Ensure that you are appropriately licensed and credentialed. Clients of financial professionals who are not properly credentialed to solicit business when the paperwork is submitted will be subject to the marital status on the date when the financial professional becomes properly credentialed and resubmits the 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 as long as the 90 days don’t go past Dec. 30, 2022. If these conditions are not met, the case will be closed out. If a case is reopened, a new Part 1 must be submitted, and the case will be subject to the marital status at that time