Index Annuity and Long-Term Care Rider
Index Annuity The annuity allows your premium to grow tax-deferred, based on annual credits linked to the growth of an underlying market index. Long-Term Care Rider The Long-Term Care Rider provides a monthly benefit payable over 60 months. The amount of the benefit payment is determined by the value of your Long-Term Care Benefit Base. The initial Benefit Base is equal to your initial premium amount, multiplied by your selected Coverage Ratio. To help cover rising long-term care costs, the Benefit Base increases by 2% each year for up to 20 years or until the time of claim, whichever comes first. 4 Your Benefit Base may also increase due to credits you earn by participating in the NeverStop Wellness Program. 5 The Benefit Base is used only to calculate the monthly benefit amount. It is not available upon surrender, death or annuitization. Monthly long-term care benefit amounts are paid out over 5 years (60 months). The long- term care benefit payments reduce the annuity Accumulation Value dollar for dollar, but continue even if the annuity account value is depleted — until the Benefit Base is zero. Benefit payments may be stopped and restarted based on your needs. Any remaining portion of your annuity Accumulation Value that is not used for long-term care benefits can be accessed for retirement income or left to your beneficiary. Benefits are indemnity-based which means you are not required to submit receipts in order to receive benefits. You have the freedom to choose care services, including compensation for caregiving family members. To continue receiving benefits, a certification of Chronic Illness must be provided annually. The monthly payment amount is set at the time of claim.
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ET-BRG-1100A (08-22)
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