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.
Furthermore, is Lincoln MoneyGuard a good product?
Lincoln Moneyguard III is a decent hybrid long term care policy, however in viewing the Lincoln Moneyguard III policy against the present LTC policy landscape you definitely will now have more flexible 100% cash indemnity policy options (Nationwide, Securian) or Lifetime benefit period reimbursement policy options ( …
Just so, what is hybrid long-term care insurance?
Simply put, a hybrid long–term care policy combines the benefits of life insurance (or annuity) with long–term care benefits. … Similar to a traditional long–term care policy, the benefits are paid in an amount chosen when the policy is purchased, and expressed as an amount per day, month or year.
Does nationwide offer long-term care insurance?
Nationwide CareMatters is long–term care coverage that is linked to a fixed-premium universal life insurance policy and includes a death benefit. It provides flexibility to you when it comes to covering potential long–term care costs. … With CareMatters, you are guaranteed to receive 100% of your monthly cash benefit.