Additional income for the unpredictable
• The benefit may only be elected after guaranteed income has been activated. 3,4 • You must be certified by a licensed healthcare practitioner as being unable to perform at least two of the six Activities of Daily Living (ADLs) to be eligible for the Income Enhancement Benefit. 5 • Once the benefit period ends, you return to receiving the original guaranteed income amount for the rest of your life. 6
The Income Enhancement Benefit , 1,2 if selected, will double your guaranteed lifetime income for up to five years should you or your spouse face a qualifying healthcare need 3 – included at no additional cost.
Here are the details:
• The Income Enhancement Benefit is an optional benefit available for both single and joint lifetime income. • You must be 75 or younger at the time of the Income 150+ FIA purchase.
age 67 and has now decided to activate his guaranteed lifetime income at age 72.
$9,900 $19,800 2 Years x
$19,800
$9,900
$9,900
$9,900
While Linda recovers over the course of the next five years, Scott and Linda receive $99,000 in total. That is an extra $49,500 that may be used to help afford their unforeseen healthcare expenses. At the end of the Income Enhancement Benefit period, Scott and Linda return to receiving their annual income payments of $9,900 for the rest of their lives . 6
One year after Scott and Linda activated
Next, Scott and Linda visit their licensed healthcare practitioner where they certify that Linda is unable to perform at least two of the six ADLs. Knowing there will likely be new healthcare expenses, they decide to activate the Income Enhancement Benefit , 3 at no extra cost, providing them with $19,800 each year for up to five years. 5
their guaranteed lifetime income, 3,4 unfortunately, Linda experiences an unexpected health setback.
Six Activities of Daily Living (ADLs)
• Bathing • Eating • Continence
• Dressing • Transferring • Toileting
1 State and firm variations may apply. The Rider is not long-term care insurance and is not intended to replace such coverage. It is referred to as the Annual Payment Accelerator Rider in the contract. 2 The benefit is available only if your contract value is above the minimum allowed under the Income Enhancement Benefit. 3 The contract value must exceed the greater of a) the Minimum Contract Value; and b) the doubled Lifetime Annual Payment (LAP) at the time of activation and on each Contract Anniversary in order to exercise/continue the benefit or else it will be terminated. 4 There is a one-year waiting period and a 90-day elimination period prior to receiving benefits. 5 Recertification by a healthcare professional is required prior to years three, four, and five, if applicable. 6 Once the Income Enhancement Benefit period ends, a new benefit period is no longer available. The Income Enhancement Benefit may be used only one time per contract.
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FIA1460-1
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