![Close up image of a caretaker helping older woman walk](https://www.mcknights.com/wp-content/uploads/sites/5/2021/10/GettyImages-173807841-860x484.jpg)
Lincoln Financial Group’s new MoneyGuard® III adds new coverage and benefit options for long-term care insurance customers.
Among the 12 covered services now under the umbrella are:
- A transitional care assistance benefit, which can be used during the first year of decline to pay family members other informal caregivers $100 per day for up to 180 days.
- A terminal illness rider provides that accelerates benefits if the insured becomes terminally ill, helping a client get care when they need it. The rider provides for a one-time claim for 25%-75% of the insured amount, up to $250,000.
In addition to the new features, MoneyGuard® III also offers an enhanced return of premium options and the opportunity to spread payments out up to age 70.