April 2025 Industry News and Updates

Lincoln MoneyGuard Fixed Advantage 2025

Lincoln MoneyGuard Fixed Advantage 2025 will launch on April 14, 2025 in most states, replacing the currently sold MoneyGuard Fixed Advantage®– 01/22/24.

Summary of Key Updates:

• Point of Claim payment option—At the time of claim, the client makes an irrevocable decision to receive benefits either as 100% reimbursement or to receive an indemnity benefit equal to 80% of their monthly benefit amount.
• Life and LTC premium split reporting—The owner will see one billed premium; for reporting purposes, there will be a split between Life and LTC premiums to allow for tax deductibility potential for the portion of premiums identified as long-term care coverage.
• Increases for Specified Amount will be allowed—Allows for the flexibility to potentially increase benefits post issue.
• Pricing impact—Overall, the pricing for MoneyGuard Fixed Advantage (2025) will be consistent with the current MoneyGuard Fixed Advantage offering. Most design offerings will see minimal pricing differences ranging from -1% to +1%. The design offerings featuring 5% compound inflation will see an average increase of 9%

Read More

National Guardian Life (NGL)

National Guardian Life (NGL) has launched a new LTCi policyholder portal that empowers your clients to submit claims, review documents, download forms and more.

Read More