What if... LPA multiplier
Here’s a hypothetical example of how this could work for you. At age 70, the client decides to turn on his level LPAs, which in our example, is $9,850 annually. If eligibility requirements are met, the LPA multiplier can then double the level LPA to $19,700 annually for up to five years of payments.
If an unpredictable event leaves the covered person unable to perform at least two of the six “Activities of Daily Living” (ADLs) as defined in the contract, the lifetime payment amount can double for up to five years of payments or until the accumulation value equals zero, as long as the covered person continues to meet the requirements on each annual payment date. To take advantage of this benefit, additional conditions have to be met as defined in the contract. Increased payments will not begin until 90 consecutive days after the lifetime payment election date. Regardless if you choose the level or increasing LPA option, your LPA multiplier benefit is double the LPA for the current year.
Age 70 • Begin single annuitant lifetime annual payment
$19,700
$9,850
Level LPA
With 2x LPA multiplier
This hypothetical example is not intended to predict future performance. Alternative assumptions could produce different results.
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