As the cost of caregiving continues to rise,
tools like the MoneyGuard Market Advantage® Conversation Catalyst
can help Americans understand long-term care options and how to pay
for the associated costs
The market for at-home long-term care is large and growing, and
family members have become more financially impacted by the
increasing costs of care services as they continue to rise each
year.1 According to Lincoln Financial’s (NYSE: LNC) annual What
Care Costs study, the rates for care in an assisted facility
average over $51,000 per year, and the costs for a home health aide
rose more than 5% from 2020 to 2021.2
Four out of five families surveyed noted concerns about the
cost,3 which can vary greatly depending on the type of care needed
and where a person lives. In fact, some 53 million Americans now
provide unpaid care for family members.1
Understand the options
Nearly 96% of consumers surveyed agree it is important to plan
for long-term care and for families to talk about their care
preferences, but only one in five Americans surveyed have planned
for their long-term care, and just one in 10 have a plan for how to
pay.2
“The benefit of having a long-term care plan is that it can help
ease the emotional and financial decisions that could otherwise
fall to a person’s caregivers if or when the need occurs,” said
Heather Deichler, senior vice president, MoneyGuard Business
Management. “Having an open dialogue and ensuring you have the type
of care when, where and how you want it is essential as you plan
for the future.”
Use available resources
When planning for long-term care, it’s important to understand
what type of care is desired and the flexibility of location and
facilities offered. Costs for skilled nursing facilities, assisted
living facilities and home health aides can vary significantly
depending on the level of care offered, the region of the country
and the facility itself. Lincoln Financial’s What Care Costs
website (enter code ‘Lincoln’ in upper right corner) can provide
average rates from more than 30,000 different skilled nursing
homes, home health care and assisted living facilities at the
national, state and metropolitan statistical area level.
Taking it one step further, the MoneyGuard Market
Advantage® Conversation Catalyst tool is designed to help
customers understand care options, identify preferences and
associated costs, and confirm your funding is set up to meet your
needs. This innovative tool provides a personalized hypothetical
example of how a MoneyGuard Market Advantage policy could perform
and cover long-term care expenses. MoneyGuard Market Advantage is a
variable universal life insurance policy with a rider that
reimburses for qualified long-term care costs (not available in
California or New York).
“As customers’ needs and expectations change, Lincoln Financial
continues to identify ways to evolve the resources we provide to
meet them where they are, enhancing the ability to provide
solutions to meet their needs,” said Bill Nash, senior vice
president, MoneyGuard Distribution at Lincoln Financial
Distributors. “We have put a close focus on tools that help
customers understand their needs and options, provide support with
a simplified claims process and guide customers and their families
when it is time to plan for the impacts of a long-term care
event.”
Lincoln is committed to investing in data, tools and
technologies that enhance the customer experience. Other recent
examples of customer-centric innovation include the launch of an
enhanced digital claims experience and the Lincoln Concierge Care
Coordination platform aimed at guiding customers and their families
in how to plan for the impacts of a long-term event.
For more information on the MoneyGuard Market Advantage
Conversation Catalyst tool, click here.
About MoneyGuard Market Advantage
MoneyGuard Market Advantage® is a variable universal life
insurance policy issued by The Lincoln National Life Insurance
Company, Fort Wayne, IN on Policy Form ICC20-MGV892/20-MGV892 with
a Long- Term Care Benefits Rider (LTCBR) on Rider Form
ICC20LTCBR-892/LTCBR-892, and a Value Protection Rider on Form
ICC20VPR-892/VPR-892.
Lincoln variable universal life insurance is sold by
prospectus. Carefully consider the investment objectives, risks,
and charges and expenses of the policy and its underlying
investment options. This and other important information can be
found in the prospectus for the variable universal life policy and
the prospectuses for the underlying investment options. Download a
copy of the prospectus at
www.lfg.com/public/performance-prospectus or call
800-454-6265. Read carefully before investing or sending
money.
MoneyGuard Market Advantage® is a variable universal life
insurance policy with a Long-Term Care Benefits Rider (LTCBR) that
accelerates the specified amount of death benefit to pay for
covered long-term care expenses and continues long-term care
benefit payments after the entire specified amount of death benefit
has been paid. Any surrender benefit provided will be adjusted by
any loans/loan interest/loan repayments, withdrawals taken, and
claim payments made. The cost of riders will be deducted monthly
from the policy accumulation value. The insurance policy and riders
have limitations, exclusions and reductions. Renewability,
Termination and Cancelability: The LTCBR is noncancelable. This
means you have the right, subject to the terms of your policy and
rider(s), to continue this rider as long as your policy stays
in-force. The Lincoln National Life Insurance Company cannot change
any of the terms of your policy and rider(s) on its own and cannot
increase the monthly rider charges or monthly inflation charges. If
your policy enters a grace period, we will allow 61 days to pay a
premium sufficient to prevent your policy form lapsing. The
Long-Term Care Benefit Rider 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 financial
professional.
Products, riders and features are subject to state availability.
Limitations and exclusions apply. For costs and complete details of
the coverage, call your producer or the company.
For use with the general public. The purpose of this
communication is the solicitation of life insurance. Contact will
be made by a licensed insurance agent/producer or insurance
company.
About Lincoln Financial
Lincoln Financial Group provides advice and solutions that help
people take charge of their financial lives with confidence and
optimism. Today, approximately 16 million customers trust our
retirement, insurance and wealth protection expertise to help
address their lifestyle, savings and income goals, and guard
against long-term care expenses. Headquartered in Radnor,
Pennsylvania, Lincoln Financial Group is the marketing name for
Lincoln National Corporation (NYSE:LNC) and its affiliates. The
company had $308 billion in end-of-period account values as of
March 31, 2022. Lincoln Financial Group is a committed corporate
citizen included on major sustainability indices including the Dow
Jones Sustainability Index North America and FTSE4Good and ranks
among Newsweek’s Most Responsible Companies. Dedicated to
diversity, equity and inclusion, we are included on transparency
benchmarking tools such as the Corporate Equality Index, the
Disability Equality Index and the Bloomberg Gender-Equality Index.
Committed to providing our employees with flexible work
arrangements, we were named to FlexJobs’ list of the Top 100
Companies to Watch for Remote Jobs in 2022. With a long and rich
legacy of acting ethically, telling the truth and speaking up for
what is right, Lincoln was recognized as one of Ethisphere’s 2022
World’s Most Ethical Companies®. Learn more at:
www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn,
and Instagram. Sign up for email alerts at
http://newsroom.lfg.com.
About Cost of Care
LTCG conducts this annual cost of care study to better inform
long term care recipients, their families, insurers and agents who
represent them as they plan for future care needs or evaluate the
right policy to purchase. The 2021 LTCG Cost of Care Study examines
the range of charges made and the average cost of long-term care
services provided in the home, in an assisted living facility, in a
nursing home and in an adult day care center. Regional, state, and
national averages are included. LTCG’s annual Cost of Care Study
documents changing costs of care across all regions of the country
and provider types.
ICC-22LCN-4670492
LCN-4670492-041222
1 AARP Research Report, “Caregiving in the U.S.,” 2020 2 LTCG.
2021 Cost of Care Survey,” March 2022,
https://www.whatcarecosts.com/Lincoln 3 VerstaResearch, “2020 LTC
Marketing and Thought Leadership Research, Findings from Surveys of
Advisors and Consumers,” August 2020.
http://visit.lfg.com/MG-VRST-PPT001
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220622005148/en/
Media: Erika Powell Erika.Powell@lfg.com
Grafico Azioni Lincoln National (NYSE:LNC)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Lincoln National (NYSE:LNC)
Storico
Da Mar 2023 a Mar 2024