Increase your lifetime income when you and your family need it most. Your income rider’s Enhanced Nursing Home Multiplier may help you pay for the expenses of staying in a nursing home by multiplying your income amount by 200% for Single Life Withdrawals and 150% for Joint Life Withdrawals if you are confined to an Eligible Nursing Home and meet the eligibility requirements. This benefit is payable for a maximum of 60 months or until your annuity’s Contract Value is reduced to zero. Afterwards, your rider income will return to the original amount and continue for the rest of your life. Your rider’s income stream will be multiplied as long as: 1. You are not confined to an Eligible Nursing Home at the time the annuity contract or rider are issued. 2. You have had your annuity contract for at least 36 months and are in the income phase. 3. You meet all eligibility requirements outlined in your contract, including becoming confined to an Eligible Nursing Home for at least 90 consecutive days. 4. You have not received doubled payments for more than 60 months.
Please Note: This benefit is NOT long-term care insurance nor is it a substitute for such coverage. Additional requirements and restrictions may apply and availability varies by state. Increased payments will cease when your rider enters the extended income guarantee phase. If it’s already in this phase, you will not qualify for this benefit.
Guaranteed Income, No Matter What
Continue receiving income for the rest of your life – even after your Contract Value is depleted. This phase begins when you’re receiving lifetime income withdrawals and your annuity’s Contract Value goes to zero. The reduction of the Contract Value cannot be caused by an excess lifetime
income withdrawal.10 The amount you receive each year will remain level for the remainder of your life and is equal to the lifetime income withdrawal amount you were receiving prior to entering this phase.
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