Change of death benefit Policyowners can change to Death Benefit Option A or B at any time.
Current Option
Change to Option
Results
A
B
Specified amount is adjusted so that death benefit is unchanged
B
A
No change in specified amount, death benefit reduces to equal specified amount
Policyowners may increase the specified amount at any time after the first policy year and before age 80. Underwriting is required. Policyowners may decrease the specified amount after year one. The decrease must be for at least $1,000. The remaining base policy specified amount must be at least $50,000. The decrease has no effect on surrender charges or monthly specified amount charges.
Riders
Accelerated Benefit for Terminal Illness (only available when Care4Life is not) Design: Provides a guaranteed amount upon diagnosis of a terminal illness. When terminally ill, as much as 75% of the eligible amount, up to $1 million may be advanced. Issue Ages: 20–65 [(61-65 coming soon)]. Cost: None. Termination: The rider will terminate at the earliest of the date the owner provides written notice to terminate the rider or the policy lapses. Reinstatement: The rider may be reinstated upon reinstatement of the policy. Available After Issue: No. Accidental Death Benefit Design: Pays an additional death benefit to the beneficiary in the event of the insured’s death resulting from accidental bodily injury occurring within 180 days of the injury. Issue Ages: 20–65 [(61-65 coming soon)]. Substandard Rating: The rider may be added to a policy that is rated Table 1 to 10. Minimum Amount of Rider Coverage: $25,000. Maximum Amount of Rider Coverage: • Age 20 — $50,000
• Age 21-25 — $100,000 • Age 26-55 — $150,000 • Age 56-65 [(61-65 coming soon)] — $100,000
For financial professional use only. Not for use with clients.
IUL-AG-0723
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