Hide

---

Important information, methodology and disclosures:

Important information

Not a deposit – Not FDIC-Insured – May go down in value – Not insured by any federal government agency – Not guaranteed by any bank or savings associations.

The values shown are hypothetical, for illustrative purposes only, and are intended to show the benefits available with MoneyGuard Market Advantage^®.

Long-term care benefits are set at time of claim and are based on the specified amount of death benefit and accumulation value in the policy. Benefit growth is not guaranteed, and unless on claim, values will increase and decrease daily due to selected investment option performance. Any LTC benefits paid will reduce the policy’s specified amount and accumulation value.

Insurance product issued by:
The Lincoln National Life Insurance Company, Ft. Wayne, IN

Lincoln variable universal life insurance is sold by prospectus. Carefully consider the investment objectives, risks, and charges and expenses of the policy and its underlying investment options. This and other important information can be found in the prospectus for the variable universal life policy and the prospectuses for the underlying investment options. Prospectuses are available upon request and should be read carefully before investing or sending money. For current prospectuses, please call 800-444-2363 or go to www.LincolnFinancial.com.

With variable products, policy values will fluctuate and are subject to market risk and to possible loss of principal. Products, riders and features are subject to state availability. Limitations and exclusions apply.

Lincoln Financial Group^® affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. Please consult an independent professional as to any tax, accounting or legal statements made herein.

All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.

In most cases, based on our understanding of applicable law, the policy will be a Modified Endowment Contract (MEC) as defined in section 7702A of the Internal Revenue Code. Distributions from a MEC may be subject to income tax, and an additional 10% federal income tax penalty applies to taxable distributions received before the policy owner reaches age 59½.

MoneyGuard Market Advantage^® is a variable universal life insurance policy with a Long-Term Care Benefits Rider (LTCBR) that accelerates the specified amount of death benefit to pay for covered long-term care expenses and continues long-term care benefit payments after the entire specified amount of death benefit has been paid. Any surrender benefit provided will be adjusted by any loans/loan interest/loan repayments, withdrawals taken, and claim payments made. The cost of riders will be deducted monthly from the policy accumulation value. The insurance policy and riders have limitations, exclusions and reductions. Renewability, Termination and Cancelability: The LTCBR is noncancelable. This means you have the right, subject to the terms of your policy and rider(s), to continue this rider as long as your policy stays in-force. The Lincoln National Life Insurance Company cannot change any of the terms of your policy and rider(s) on its own and cannot increase the monthly rider charges or monthly inflation charges. If your policy enters a grace period, we will allow 61 days to pay a premium sufficient to prevent your policy form lapsing. The Long-Term Care Benefit Rider may not cover all costs associated with long-term care costs incurred by the insured during the coverage period. All contract provisions, including limitations and exclusions, should be carefully reviewed by the owner. For costs and complete coverage details, contact your financial professional.

MoneyGuard Market Advantage^® is issued by The Lincoln National Life Insurance Company, Fort Wayne, IN on Policy Form ICC20-MGV892/20-MGV892 with a Long-Term Care Benefits Rider (LTCBR) on Rider Form ICC20LTCBR-892/LTCBR-892, and a Value Protection Rider on Form ICC20VPR-892/VPR-892.

The insurance policy and riders have limitations, exclusions and reductions; and are subject to medical underwriting. Long-term care benefit riders may not cover all costs associated with long-term care costs incurred by the insured during the coverage period. All contract provisions, including limitations and exclusions, should be carefully reviewed by the owner. For costs and complete coverage details, contact your agent or producer. A version of Lincoln Concierge Care Coordination is guaranteed for Lincoln MoneyGuard® solutions policyowners. However, the tools, resources and services may change or evolve over time.

This product is not available in all states or firms. Please reach out to your registered representative for more details on state approvals and firm guidelines. Not available in California or New York.

For use with the general public.
 

---

Cost of Care Methodology

Data for the Cost of Care Study was collected from a representative sample of providers of long-term care services that are part of the LTCG Unified Provider Database Program, representing a wide variety of provider types across the country. LTCG has a certification process facilitating the benefit and provider eligibility decisions for the more than 1.3 million insured lives under LTCG’s administration. A comprehensive survey is conducted for each provider in the program, capturing data related to the cost of care, staffing, scope of medication administration services, record-keeping practices, type and extent of nursing services, and licensure. Cost of care data is collected annually from providers already in the program and from new providers added each year. Minimum, maximum and average costs of care are presented nationally, by state, by Metropolitan Statistical Areas (MSAs) and Non-Metropolitan regions. Costs are reported by major relevant attributes within a provider type – e.g., private vs. semi-private rooms in a nursing home, type of assisted living facility unit – e.g., studio, 1-bedroom or 2-bedroom in an ALF or nursing home – e.g., type of home care provider, such as Home Health Aide, Registered Nurse, or Licensed Practical Nurse) – e.g., type of adult day care model, either social or medical model.

Each year, LTCG works to expand the reach and depth of data in our Cost of Care Study. In 2020, enhancements include:

• 15 additional MSA’s for nursing homes, assisted living facilities and home care providers rate types.

Nursing Home Cost of Care Data
Cost of care information was obtained from a representative sample of 6,000 nursing homes drawn from the more than 23,000 nursing homes in our provider database. Specifically, within the MSAs and Non-Metropolitan regions reported, at least 10% of all licensed nursing homes were included in the cost of care analysis. Private pay rates for both semi-private and private rooms were obtained and most nursing homes in the sample report rates that are all-inclusive meaning that personal care, memory care and other services offered in addition to room and board are captured in the daily room rates. Data presented shows a minimum daily rate which represents the lowest cost facility in the area reported and a maximum daily rate which represents the costliest facility in that area. The average and median private pay rate for both semi-private and private rooms is also shown.

Assisted Living Facility Cost of Care Data
The popularity of Assisted Living Facilities (ALF) as an alternative to in-home or nursing home care is growing rapidly. For example, in a 2013 study, 45% of those needing long term care services received them in an ALF, compared with only 20% in 1996.2 the range of services provided within the ALF has also expanded with many offering dedicated memory care units for those with moderate to severe cognitive impairment.

Cost of care information was obtained from a representative sample of 10,000 ALFs drawn from the more than 90,000 facilities in our database. Specifically, within the MSAs or Non-Metropolitan regions reported, at least 10% of all assisted living facilities were included in the cost of care analysis. Some ALFs, unlike nursing homes, have more complex pricing schedules based both on the size and type of living unit as well as on the amount and type of care and services provided. The data collected includes the monthly rates for a studio unit, a 1-bedroom and a 2-bedroom unit in the ALF. Providers were also surveyed with respect to the minimum and maximum charges for care and services available in the ALF to residents living in any of the unit types.

The data presented shows a minimum daily rate for each type of unit (studio, 1-bedroom and 2-bedroom) within the ALF. This minimum daily rate represents the lowest unit price in the area without additional care and services. The maximum daily rate reported for an area represents the maximum unit price of an ALF in that area, with the highest possible levels of care and service the facility provides included in the price. The average and median for each unit type represents the average and median unit price across facilities in the area along with additional charges associated with care and services.

Home Care Provider Cost of Care Data
Most people who need long term care prefer to receive care in their own home whenever possible. In-home care is provided by a wide variety of providers including licensed Home Health Care Agencies, Home Care Agencies and independent, privately hired providers. Home Care Agencies provide non-skilled care, while Home Health Care Agencies typically provide both skilled and non-skilled care. The Cost of Care Study includes cost data from home care providers, including Home Health Care Agencies and Home Care Agencies, reporting the hourly charges for care from a home health aide (HHA), as well as the hourly or per visit charges for registered nurse (RN) and licensed practical nurse (LPN). Most of the LTC provided at home is for personal care assistance from a home health aide, although care from a nurse may be required for skilled care tasks such as wound care and home infusion therapy. Cost of care information was obtained from a representative sample of 10,000 home care providers drawn from the more than 46,000 providers in LTCG’s database. At least 10% of all agencies operating within these MSAs and Non-Metropolitan regions reported were included in the cost of care analysis. HHA rates are reported on an hourly basis. It is important to note, however, that many agencies require a minimum of a two to four-hour visit. The rates shown are also for weekday care. Hourly rates for weekends, holidays and evenings or overnight care are typically higher. The RN and LPN rates are reported on a per visit basis. The data presented shows minimum, maximum, average and median rates for each type of home care provider. The minimum represents the rates charged by the lowest cost provider in that region while the maximum represents the rates for the highest cost provider in the area.

Adult Day Care Cost of Care Data
Adult Day Care (ADC) is used as an alternative or supplement to in-home care for individuals who require care during the day but may have paid or family care available at home on weekends and evenings. It has the advantage of providing socialization and meals along with personal care, medication management and supervision services and it provides important respite for the family caregiver. Sometimes transportation to and from the center is included in the daily rate. Some ADC centers also have a sliding fee scale for individuals with more limited abilities to pay for care. Of all the formal LTC services, adult day care is used less often in part due to the more limited availability of this resource. Adult day care tends to be more prevalent in densely populated urban areas and is less available in rural parts of the country.

Cost of care information was obtained from a representative sample of 550 adult day care providers drawn from the more than 9,500 adult day care providers in LTCG’s database. Daily rates are reported separately for the two models of adult day care, the social model and the medical model. The social model of adult day care focuses on socialization, meals and activities. The medical model, while providing socialization, meals and activities, also provides personal care assistance, medication administration and other supportive services.

Most ADC centers operate Monday through Friday and do not provide overnight care. Therefore, rates shown are daily rates for weekday care. Some people may attend daily while others may only attend on certain days of the week when in-home care is not available. The study reports the minimum, maximum, average and median rates for both the social and medical model ADC. The minimum represents the rate charged by the lowest cost provider in that area, while the maximum represents the cost at the highest cost facility in the area.