A. Lincoln National has a hybrid funding solution may be the best way to protect you and your loved ones from long-term care expenses. Here’s how:
1. If you do need care, you have a tax-efficient, dedicated funding source, designed to meet your needs.1
2. However, should you not need care, you’re able to give your family a legacy through a death benefit.2
3. And, if you change your mind, you’re able to get money back.3
1 LTC reimbursements are generally income tax-free under IRC Section 104(a)(3). Funding is through reimbursements, subject to the monthly/annual maximum amount.
2 Beneficiaries may receive an income tax-free death benefit under IRC Section 101(a)(1).
3 The return of premium is provided through the Value Protection Endorsement available at issue on all policies. The amount returned will be reduced by any loans, withdrawals and benefits paid. The Value Protection Endorsement contains complete terms and conditions.