Here’s how the multiplier works • You must wait at least two years after your NAC BenefitSolutions 10 annuity issue date before requesting the nursing home multiplier benefit and the annuitant cannot be confined on the issue date. • Provided that the annuitant have been confined to a qualified nursing home facility for at least 90 consecutive days - and remains confined throughout the payout period - the income can continue to be paid out for a maximum of five annual payments. This feature is no longer available when the accumulation value reaches zero.* • There is a proportional adjustment to the benefit base and benefit base floor each time a withdrawal is taken, including lifetime payment withdrawals and increased lifetime payment withdrawals available through the nursing home multiplier benefit. However, provided that no withdrawals in excess of the available lifetime payment are taken, the lifetime payment available in future years will not decrease.
Before confinement
Qualifications met and nursing home multiplier elected
Nursing home multiplier feature ends
Contract year 4 $10,000
Contract year 5 $10,000
Contract year 6 $10,000
Contract year 7 $10,000
Contract year 8 $10,000
Contract year 2 $5,000
Contract year 3 $5,000
Contract year 9 $5,000
*Other qualification criteria may apply.
The comfort of When you qualify for doubled LPAs through the nursing home multiplier benefit, the 125/150/175 benefit base floor provides continuing value. Since your LPA is based on the strong guarantees of the benefit base floor, you have an underlying foundation designed to help provide increased payments when you need it most. 125 150 175
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