The last day to submit Lincoln MoneyGuard® II NY applications is March 25, 2022.
Due to the existing regulatory environment in New York, Lincoln is unable to maintain a modern portfolio of MoneyGuard hybrid life insurance products in the state and will be suspending new MoneyGuard sales in New York until further notice. These changes do not impact existing policyholders. Additionally, this product suspension only impacts clients in the state of New York.
Submission and Placement Deadlines:
- All New York applications must be received in-good-order at Lincoln by March 25,2022. Please make sure that the agent’s LTC CE and Reg 187 is current PRIOR to submitting an application.
- All pipeline cases must be placed inforce, or 1035 exchange initiated by June 30, 2022.
Any case not placed inforce or 1035 exchange initiated by June 30, 2022 will be cancelled.
