National Long-Term Care Brokers MoneyGuard
An established leader in its category, MoneyGuard links universal life insurance with long-term care benefits in a single policy. Lincoln Life builds on the long-standing leadership reputation of its subsidiary, First Penn-Pacific Life Insurance Company (First Penn), which pioneered MoneyGuard in the mid-1980s.
Over the years, MoneyGuard has earned a following among financially secure mature adults who want to maintain a comfortable lifestyle during retirement and protect their assets against the potential financial risk of long-term care.
MoneyGuard is an ideal plan for someone who is thinking of self-insuring for the LTC risk and who has savings in low-yield accounts such as Certificates of Deposit (CD's), money market accounts, or general savings accounts. Many people have a sum of money in safe "storage" and it is earmarked for that rainy day when health deteriorates and LTC services become necessary. Just like these safe money deposits, 100% of the deposit into MoneyGuard can be accessed after day 1 of the policy, without having to show a benefit qualification.
In the event that long-term care is needed, MoneyGuard accelerates the death benefit to pay monthly benefits for a variety of long-term care services, including home health care, nursing home care, adult day care, assisted living and hospice care. If only a portion of the death benefit is used for long-term care or if care is never needed, the remaining death benefit is paid to the beneficiary income tax-free under IRC Section 101(a)(1). An extension of benefits rider continues to pay long-term care benefits in the event the death benefit is used completely for long-term care. Both single-premium and flexible-premium policies are available in the MoneyGuard portfolio.
For an example of the benefit levels that a MoneyGuard policy can deliver to you, select your age and gender (below) for a summary report of the life insurance benefit, long term care benefit pool, and the monthly long term care benefit allowance.
