Lincoln MoneyGuard ® II

Like many people, you want to help protect your retirement savings from health-related expenses, such as long-term care. Planning ahead with Lincoln MoneyGuard® II gives you flexible options beginning at age 40. This universal life insurance with an optional long-term care benefit rider1 gives you a choice of premium payment options of one through 25* years.

Unlike traditional long-term care insurance, your policy costs are set at issue and will never increase provided your premiums are paid as planned and no loans or withdrawals are taken. Your policy provides benefits, even if you never need care, provided all total planned premiums are paid.

You've got benefits:

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Benefits if you need care

You get more for your money because your policy provides income tax-free reimbursements for qualified long-term care expenses worth more than your premium payments.1 Once eligible, there's no deductible or waiting period, which could make a real difference in your total out-of-pocket costs for qualified long-term care expenses.

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A benefit if you don't

Your policy provides an income tax-free death benefit. Your children, or other loved ones, designated as beneficiaries, will receive a legacy.2 The death benefit would be reduced by any loans, withdrawals and benefits paid.

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Return of premium Options

You have options. You may choose to maximize your long-term care benefits. A return of 80% of your paid premiums is available once all total planned premiums are paid.3

Or you can maximize your return of premium — 100% return of premium is available after year five, subject to the vesting schedule below, provided all premiums are paid as planned; additional cost applies.3

Vesting schedule

  • Year 1: 80%
  • Year 2: 84%
  • Year 3: 88%
  • Year 4: 92%   
  • Year 5: 96% 
  • Year 6+: 100%

Stay in control with added advantages

Take the next step toward your future with Lincoln MoneyGuard® II.

  • Add inflation protection options4 to help keep pace with rising long-term care costs.
  • Feel confident if you live abroad because your policy includes international benefits.
  • Help protect your savings and your legacy.

Ask your financial advisor, a qualified life insurance agent, about your flexible premium payment options and the couples discount. We can help you find a financial advisor if you don't currently have one.

The purpose of this communication is the solicitation of insurance. An insurance producer or insurance company will contact you.

*25-pay is only available to clients, age 40. After age 40, this option grades down by one year at each subsequent age.

1Long-term care reimbursements are generally income tax-free under IRC Section 104(a)(3). The benefit is subject to annual and monthly maximums and is available for a specific number of years based on the optional riders purchased (up to 7 years).

2Beneficiaries may receive an income tax-free death benefit under IRC Section 101(a)(1).

3Through the Value Protection Rider (VPR) available at issue on all policies. The money returned will be adjusted for any loans, withdrawals and benefits paid, and may have tax implications. Rider contains complete terms and conditions. If surrendered before the planned premiums are paid, the surrender value will be paid.

4Available at an additional cost.

Important information:

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. Please consult an independent advisor as to any tax, accounting or legal statements made herein.

Lincoln MoneyGuard® II is a universal life insurance policy with a Long-Term Care Acceleration of Benefits Rider (LABR) that accelerates the specified amount of death benefit to pay for covered long-term care expenses. Long-Term Care Extension of Benefits Rider (LEBR) is available to continue long-term care benefit payments after the entire specified amount of death benefit has been paid. The return of premium options are offered through the Value Protection Rider (VPR) available at issue; Base option (1) is included in the policy cost; Graded option (2) is available at an additional cost. Any additional surrender benefit provided will be adjusted by any loans/loan interest/loan repayments, withdrawals taken, and claim payments made; and may have tax implications. Accelerated death benefits may be taxable and may affect public assistance eligibility. The cost of riders will be deducted monthly from the policy cash value. The insurance policy and riders have limitations, exclusions and/or reductions; and are subject to medical underwriting. Long-term care benefit riders may not cover all costs associated with long-term care costs incurred by the insured during the coverage period. All contract provisions, including limitations and exclusions, should be carefully reviewed by the owner. For costs and complete coverage details, contact your agent or producer.

Issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, on Policy Form LN880 with the following riders: Value Protection Rider (VPR) on form LR880 and state variations; Long-Term Care Acceleration of Benefits Rider (LABR) on form LR881; optional Long-Term Care Extension of Benefits Rider (LEBR) on form LR882.

All guarantees and benefits of the insurance policy are the responsibility of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.

Products and features, including benefits, terms, and definitions, may vary by state.

Product not available in New York.

For use only in the following states: Arizona, Connecticut, Delaware, Florida, Hawaii, Indiana, Montana, New Jersey, North Dakota, South Dakota, Virgin Islands, and Washington, DC.

General exclusions and limitations

Lincoln MoneyGuard® II is a universal life insurance policy with a Long-Term Care Acceleration of Benefits Rider (LABR) that accelerates the specified amount of death benefit to pay for covered long-term care expenses. Long-Term Care Extension of Benefits Rider (LEBR) is available to continue long-term care benefit payments after the entire specified amount of death benefit has been paid. The return of premium options are offered through the Value Protection Rider (VPR) available at issue; Base option (1) is included in the policy cost; Graded option (2) is available at an additional cost. Any additional surrender benefit provided will be adjusted by any loans/loan interest/loan repayments, withdrawals taken, and claim payments made; and may have tax implications. The cost of riders will be deducted monthly from the policy cash value. The insurance policy and riders have limitations, exclusions and/or reductions; and are subject to medical underwriting. Long-term care benefit riders may not cover all costs associated with long-term care costs incurred by the insured during the coverage period. All contract provisions, including limitations and exclusions, should be carefully reviewed by the owner. For costs and complete coverage details, contact your agent or producer.

This information reflects the product currently available for new sales in the state.