The document discusses long-term care costs and options for covering them. It presents MoneyGuard Reserve, a universal life insurance policy, as a solution. MoneyGuard Reserve provides long-term care reimbursement benefits, a return of premium if unused, and a death benefit. It allows policyholders to access retirement assets for long-term care needs while protecting assets for heirs if care is not required.
3. Managing assets in retirement Variable expenses Fixed expenses Wealth transfer Healthcare expenses Emergency/opportunity funds
4. What if the balance is destroyed? Variable expenses Fixed expenses Wealth transfer Healthcare expenses Emergency/opportunity funds
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12. How to cover long-term care costs If you’re not doing anything, you’re self-insuring.
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14. One simple solution Life insurance House Cash reserves Investments MoneyGuard ® Reserve While the actual proportions in this chart will differ based on a specific investor’s needs, it does show the different types of assets in a typical retirement-oriented portfolio. Designated for long-term care costs
15. If you need long-term care Life insurance House Cash reserves Investments MoneyGuard ® Reserve Up to 500% with MoneyGuard ® Reserve Long-term care reimbursements are income tax-free under IRC Section 104(a)(3).
16. If you need it back Take it back; it’s in your reserve. Life insurance House Cash reserves Investments MoneyGuard ® Reserve premium is returned Up to 500% with MoneyGuard ® Reserve
17. If you never need long-term care Unused portion goes to your beneficiary income tax-free. Life insurance House Cash reserves Investments MoneyGuard ® Reserve death benefit Beneficiaries receive an income tax-free death benefit under IRC Section 101(a)(1).
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19. Money back guarantee You change your mind 2 This example is based on a 65-year-old, nonsmoking female in good health with a $100,000 single premium for a policy with the two-year Convalescent Care Benefits Rider (CCBR), the four-year Extension of Benefits Rider (EOBR), and the Return of Premium Rider (ROPR). Benefit amounts vary by age, gender (except in Montana, where male premiums apply), and health status. Benefits are adjusted for loans and withdrawals. A portion of the amount returned may have tax implications. 3 possibilities 1 You need the full benefits of MoneyGuard ® 2 You change your mind 3 You die 1 You need the full benefits of MoneyGuard ® 2 You change your mind
20. Income tax-free death benefit 3 possibilities 1 You need the full benefits of MoneyGuard ® 2 You change your mind 3 All three outcomes are guaranteed This example is based on a 65-year-old, nonsmoking female in good health with a $100,000 single premium for a policy with the two-year Convalescent Care Benefits Rider (CCBR), the four-year Extension of Benefits Rider (EOBR), and the Return of Premium Rider (ROPR). Benefit amounts vary by age, gender (except in Montana, where male premiums apply), and health status. Beneficiaries receive death benefits income tax-free under IRC Section 101(a)(1). Guarantees are backed by the claims-paying ability of The Lincoln National Life Insurance Company. You never need long-term care 3 2 You change your mind 3 You never need long-term care 1 You need the full benefits of MoneyGuard ® 2 You change your mind 3 You never need long-term care
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22. Repositioning assets Hypothetical example only. Benefit amounts vary by age, gender (except in Montana, where male premiums apply), and health status. $300,000 Set aside for long-term care costs $200,000 Freed up for retirement $100,000 Repositioned for MoneyGuard payment Up to $499,218 Death benefit or long-term care benefit $166,406 $332,812 Additional long-term care benefit Benefits are adjusted for loans and withdrawals and may have tax implications. Long-term care reimbursements are income tax-free under IRC Section 104(a)(3). Beneficiaries receive death benefits income tax-free under IRC Section 101(a)(1).
23. Three outcomes — all guaranteed This example is based on a 65-year-old, nonsmoking female in good health with a $100,000 single premium for a policy with the two-year Convalescent Care Benefits Rider (CCBR), the four-year Extension of Benefits Rider (EOBR), and the Return of Premium Rider (ROPR). Benefit amounts vary by age, gender (except in Montana, where male premiums apply), and health status. Benefits are adjusted for loans and withdrawals and may have tax implications. Long-term care reimbursements are income tax-free under IRC Section 104(a)(3). Beneficiaries receive death benefits income tax-free under IRC Section 101(a)(1). You need the full benefits of MoneyGuard ® Reserve You change your mind You never need long-term care 1 2 3