How much will your benefit be? The amount of your rider death benefit will never be less than your benefit base floor, less any proportional withdrawals. As a hypothetical example, if your initial annuity deposit was $100,000 and you passed away in year six, the total amount your beneficiaries would receive over a five year period would be $150,000, assuming no withdrawals were taken prior to the death.
Your beneficiaries may receive five equal annual payments Assumptions: Initial premium $100,000 - death in contract year six - no withdrawals - no interest credits.
Year 3 $30,000
Year 1 $30,000
Year 2 $30,000
Year 4 $30,000
Year 5 $30,000
Total $150,000
Consider the lasting benefits While life may not always be in our control, our finances still can be. With NAC BenefitSolutions 10, you can prepare for the unexpected, so you can keep your promises for the future. The death benefit feature can help you look after your beneficiaries even after you’re gone. Whether it’s ongoing income for your surviving spouse, funds for a grandchild’s future education, or something extra to help get a loved one started in a new home or business, keeping your promises means the world to those you love - that’s what leaving a legacy is all about. Neither North American, nor any financial professionals acting on its behalf, should be viewed as providing legal, tax or investment advice. Consult with and rely on your own qualified advisor. The legacy of Your benefit base floor not only builds a foundation to provide strong guaranteed income and enhanced income due to a qualified nursing home confinement, but can also act as a safety net for your beneficiaries. Since your beneficiaries have the option of receiving the benefit base in five annual installments upon your death, your benefit base floor can provide lasting value. 125 150 175
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