Income for Now and for Life
LIBR Options OPTION 1
•4% Compound Interest •No Rider Fee •15 Year Accumulation •Income Available After 30 Days
01 OPTION
This option has a set IAV Rate, declared at issue and guaranteed for 15 years. The IAV is calculated on a compound interest basis. There is no fee associated with this option. OPTION 2 This option has a set IAV Rate, declared at issue and guaranteed for 7 years. The IAV is calculated on a simple interest basis. OPTION 3 This option has a set IAV Rate declared at issue and guaranteed for 20 years. The IAV is calculated on a compound interest basis. LIBR and Wellbeing Benefit Options These allow for increases in the amount of income by an income payment factor, for up to five years, should the contract owner (or their spouse) become unable to perform two of six activities of daily living outlined in the contract. This option is not confinement driven, so it is available to those receiving home care. There is a two-year waiting period before the benefit can be activated. OPTION 4 This option includes the LIBR guarantees with a set IAV Rate, declared at issue and guaranteed for 7 years, plus the Wellbeing Benefit. The IAV is calculated on a simple interest basis. OPTION 5 This option includes the LIBR with a set IAV Rate declared at issue and guaranteed for 20 years. It also includes the Wellbeing Benefit. The IAV is calculated on a compound interest basis.
•8.25% Simple Interest •Rider Fee 1.10% •7 Year Accumulation •Income Available After 1 Year
02 OPTION
•6.5% Compound Interest •Rider Fee 1.10% •20 Year Accumulation •Income Available After 1 Year
03 OPTION
•8.25% Simple Interest •Wellbeing Benefit •Rider Fee 1.20% •7 Year Accumulation •Income Available After 1 Year •6.5% Compound Interest •Wellbeing Benefit •Rider Fee 1.20% •20 Year Accumulation •Income Available After 1 Year
01 OPTION 04
02 OPTION 05
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