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Central States Insurance Services, Inc.
DBA LTC Solutions
3501 Del Prado Blvd. Suite 205
Cape Coral FL 33904
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Given the industry’s historically low interest rate environment, Lincoln is making prudent and responsible pricing adjustments.
Effective June 15, 2020, Lincoln Financial will implement pricing increases to all products in the Lincoln MoneyGuard solutions suite. Adjustments on flex-pay designs will see a pricing increase of approximately 15%. Single-pay designs will see a pricing increase of approximately 20%.
It is important to note that no changes will be made to the contract language, forms, compensation or benefits provided.
For applications to qualify for the current pricing, a projection of values and the completed application Part 1 must be signed, dates and received in good order by Lincoln’s home office by Friday, June 26, 2020.
All pending business must be issued, or 1035 exchanges initiated (where applicable), on or before August 28, 2020.
If you have clients that are considering purchasing a Lincoln MoneyGuard® solution, please contact me to help ensure they submit the appropriate paperwork by the June 26, 2020 deadline.
NGL Update Face-to-face exams for ages 66-79
NGL underwriting guidelines require an in-person exam for long term care insurance that includes cognitive and functional screening.
Due to the current recommendation for social distancing in many states, this may not be accomplished for some applicants. As a result, we suggest you hold off on submitting new applications for people ages 66-79 in states, counties or cities that are under a stay-at-home order.
For applicants who are currently in the underwriting process, we will make every effort to complete the scheduled exams. For those applicants who have asked to reschedule to a later date, we will accommodate those requests.