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Long-term care insurance price cut by 21%, Lincoln Lincoln life insurance starts a premium price war

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(American Life Insurance Guide 09/13/2022 News) Lincoln Life Insurance Company (Company Reviews) recently announced it would lower premium prices on its flagship Hybrid long-term care insurance product.The new discounted premium price is valid for long-term care insurance applied after September 2022, 9.

SalesPremium prices drop by up to 21%

lincoln life insurance companyIt is one of the leaders in the long-term care insurance market in the United States, and its claims-based long-term care insurance is well received by the market.In the new round of premium price adjustment, the long-term care insurance products involved are:

  • Lincoln MoneyGuard Fixed Advantage
  • Lincoln MoneyGuard II

Both products offer a combination of premium savings and long-term care needs.Depending on the age of the policyholder, Lincoln MoneyGuard Fixed Advantage offers price reductions ranging from 0% to 21%, with an average premium reduction of 8%.

Another popular product among retirees, Lincoln MoneyGuard II, offers price cuts ranging from 0% to 18%, with an average premium reduction of 6%.

Policyholders over the age of 60 enjoy a greater premium reduction rate than policyholders under the age of 60.

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What is long term insurance?

Long-term care insurance, the English name is Long Term Care Insurance, also known as long-term care insurance.

Long-term care insurance isProvided for insured persons who need long-term care due to old age, illness or disabilityNursing service feeCompensated health insurance.This is an insurance product that primarily covers our expenses for Nursing Home, Home Care and other related services as we age.

Lincoln Financial Group, often called in Chineselincoln life insurance company, is the leader in the long-term care insurance market in the United States. The MoneyGuard series of insurance products issued by the company are one of the mainstream products in the long-term care insurance market in the United States.

(>>>Recommended reading:Long Term Care long-term care insurance in the United States introduces the price advantages and disadvantages of the claims must read and purchase age window )
(>>>Related reading:Long Term Care Long Term Care Insurance Product Center

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