Accordia AIG Allianz Assurity Life AXA Equitable Accelerated Access Rider Accelerated Access Rider LTC Accelerated Benefit Rider Accelerated DB - LTC/Home Care Option LTC Services Rider Chronic/Critical Illness Chronic/Critical LTC Chronic/Critical Illness LTC NO Yes Yes 'Unable to perform 2 of 6 ADL's, needs "substantial supervision" due to cognitive Begng at age 65, requirg contuous confement a LTC facility or under a written plan of home care, and stay for rest of life. Life Assure Secure Lifetime GUL II Life Pro+ IUL LifeScape Premier UL BrightLIfe Protect Life Provider Value + BrightLIfe Grow Lifetime Builder Incentive Life Optimizer II Survivorship Builder (Survivg Insured Only) Incentive Life Legacy II 18-75 Ages 18-80 Ages 0-75 Automatcally cluded on all policies Ages 20-75 20-75 for Survivorship Available begng at age 65 Eligble Underwritg Classes Eligible for table 4 or better on base Available through table D Standard classes or better, no permanent or All classes policy temporary flat extra premiums. Elimation Period 90 day 90 Days 90 days 90 days 90 days Indemnity Indemnity Indemnity Indemnity Indemnity The lesser of 2% of the eligible amount or the IRS M is 50% of death benefit. Max is 100% of Monthly benefit: 1%-4%, up to $10,000. Lifetime Up to 50% of net amout of surance or 36 Per Diem limit. death benefit up to $1.5mm max of $1million. monthly payments of 2% of net amount of Standard classes or better, no permanent or temporary flat extra premiums. Mo. benefit: 1%, or 2% ages 20-75, 3% ages 20-70 surance. Choice of 2%, 4% or per diem Acceleration % DBO A: 20%-100%, DBO B: 100% Max monthly benefit of $50,000 per sured Adjusted at Yes NO- COI charge rather than adjusted at claim Yes Calculation At Issue A fixed amount of death benefit will rema after all available amounts have been accelerated through this, subject to terms and conditions of the Residual death benefit can be specified at policy issue. ne Provided ne Provided t available with the death benefit return of premium. additional cost at issue, but $150 Claim Porcessg Fee due at time of claim COI charge rather than adjusted at claim Additional Charge additional cost for the, subject to discount factors Additional cost for the. Dollar for dollar reduction when benefits are paid is called "Accumulation Benefit Lien". The monthly charge is calculated by appliyg the monthly LTCS COI rate to the Long Term Care Net amount at Risk. or? Contue : Base policy charges are deducted from cash value or Contue? Contue CA, DC, FL CA, NY CA, KY, NJ, VA, WA MD, NJ, VT : Base policy charges are deducted from cash value For formational purposes only. t bdg. Please refer to carrier specific documentation for additional details.
John Hancock Lcoln National Lcoln National Lcoln National Life of Southwest LTC Rider LifeEnhance Accelerated Benefit Rider MoneyGuard Reserve Plus MoneyGuard II Accelerated Benefit Rider Chronic Illness LTC Chronic/Critical Illness LTC LTC Chronic/Critical Illness Yes Yes Yes Unable to perform 2 of 6 ADL's, Needs "substantial supervision" due to cognitive Unable to perform 2 of 6 ADL's, Needs "substantial supervision" due to cognitive Unable to perform 2 of 6 ADL's, Needs "substantial supervision" due to cognitive impairment Eligble Underwritg Classes Elimation Period All Sgle Life Pernanent Products Lcoln VUL One (2012) LSW Foundation UL Lcoln LifeGuarantee UL LSW Secure Plus Adv. 79 IUL Lcoln LifeReserve IUL Accumulator LSW IncomeBuilder UL LSW SecurePlus Paragon IUL LSW SecurePlus Provider IUL LSW Guaranteed Level Term LSW n-guaranteed Level Term Ages 20-75 Ages 20-69 $5m max face Sgle Pay- 35-69 40-79 Same as product Ages 70-80 $2m max face Flex-Pay- 35-80 t available if rated higher than 175% or issued All classes up to Table D Simplified Issue Simplified Issue All classes w/ a flat extra. 100 days (varies by state) ne ne 0 Day Elimation 90 days Reimbursement Indemnity Reimbursement Reimbursement Indemnity 1%, 2%, or 4% Monthly Acceleration %. Max monthly benefit: $50,000. Up to 100% of death benefit with payment option of: 2,3,4,5,6,7 year benefit duration Based off a mimum death benefit of $50K Monthly benefit: 2% of DB and a maximum death benefit of $750K Max policy face: $5m (dependg on Monthly Acceleration %) 1. Monthly crements of the lesser of 2% of gross DB or IRS per diem x's days month. 2. One-time lump sum, discounted for mortality and terest. LTC benefits based off of force death benefit. 'Mimum death benefit of $50,000 with maximum death benefit of $750,000 Lifetime max: $1 million Rider must be -force for 2 years before used Adjusted at Yes Yes Calculation Qualified, documentable long-term care expenses. Qualified, documentable long-term care expenses. Qualified, documentable long-term care expenses. 10% of guaranteed death benefit 5% of the guaranteed death benefit up to $10,000 Yes, if Extension of Benefits Rider is selected Additional charge. recertification required Additional charge. Once benefit payments beg, policy won't lapse as long as is force. Recertification required every 12 months Couples discount. Both partners do not need to apply for discount to take effect. 3% or 5% flation available. Rider must be -force for 2 yrs before used. additional cost for the subject to discount factors. Rider can be added after issue. or? or Contue? 2014 ver. : AZ, CA, CT, FL, HI, IN, NJ, NY, ND, SD VUL: CA, GU, PA, VI, NY. APPROVED ; HI, CA, FL CA, FL, HI, NY CA, OH. Updates on website frequently IUL: CA, FL, HI, IL, MA, MN, NY, OH, PR, UT, WA UL: CA, PA, PR, NY For formational purposes only. t bdg. Please refer to carrier specific documentation for additional details.
Mass Mutual Met Life Mnesota Life Mutual of Omaha Nationwide CareChoice One Enhanced Care Benefit Long Term Care Agreement Accelerated DB for Chronic Illness LTC Rider LTC Chronic/Critical Illness LTC Chronic/Critical Illness LTC Yes Yes Yes Unable to perform 2 of 6 ADL's, Needs "substantial supervision" due to cognitive supervison" due to cognitive impairment Confed to a qualified home for 90 days or more. Promise Whole Life Eclipse IUL AccumUL Plus YourLife NLG UL Promise Whole Life 120 Eclipse Protector IUL Guaranteed UL YourLife SPUL Promise Whole life 10 Accumulator UL GUL Plus YourLife Current Assumption UL Promise Whole Life 20 Accumulator VUL GUL Express YourLife Indexed UL Promise Whole Life 65 YourLife Accumulation VUL YourLife Protection VUL Eligble Underwritg Classes Elimation Period 35-69 n-tobacco ; 35-65 for Tobacco 18-70 Ages 20-80 Same as product Ages 21-80 Streamled ; "n-tobacco" and "Tobacco" risk celite, Preferred or Standard with FE < $5.00. Table Preferred thru Table D Same as product All classes up to 5 Tables, no flat extras B D w/out FE 90 days 90 Days 90 days 90 days 90 days Reimbursement Indemnity Indemnity Indemnity Indemnity Mimum death benefit of $50k and maximum death benefit of $720k Max of 24% of DB per year up to 90% of total DB over life of contract, lump sum or monthly payments up to $5MM. Limited by HIPPA Daily limit M claim amount is $5,000 Monthly benefit: lesser of 2% or 4% of LTC specified amt or HIPAA daily amt x's days month. LTC Agreement total must be between 10% and 100% of face amount to max of $5,000,000 The maximum cumulative amount that can be accelerated is the lesser of $1,000,000 or 80% of the face amount as of the itial acceleration request Monthly benefit: lesser of 2% of LTC specified amount or HIPAA daily amt x's days month. Lifetime max: equal to lesser of LTC Specified Amount and base policy Specified Amount (cludg the Additional Protection Rider) mus policy debtedness. Adjusted at Yes; Dividends "Paid-Up Additions (PUA)" may crease benefit amount Yes Yes Calculation LTC Benefit Pool + any flation + any dividends 'Paid-Up Additions" Home Health Care Hospice Assisted Livg Facility Adult Day Care Nursg Home ne 10% of Death Benefit will rema force If the life surance face amount is depleted, beneficiaries still receive mimum DB of 10% of face amount. If the mimum DB provision applies, the max amount of DB beneficiaries may receive is $25,000. After 100% of death benefit is used, 10% of origal policy death benefit is paid at death. The only benefit duration is 4 years. The benefit duration can only be creased with the PUAs from dividends. Because dividends are declared yearly by the company, guaranteed & nonguaranteed values are projected. 5% Compound Inflation Additional charge. Must first complete staterequired trag before LTCA can be sold. Recertification required at least annually. Benefit will be paid either as lump sum or will be Additional charge. Nationwide Care Guide deposited to an account and the client can Network: LTC referral service. Recertification only access as long as money is available. Annual as often as reasonably necessary. Paid by recertification required at the expense of owner. Nationwide. or? Yes Optional: Contue to pay will keep policy from lapsg once your off claim. Younger client cetive or Contue? NY & CA PA. When KS and NY, Accelerated DB Rider must be selected Optional: Contue to pay will keep policy from lapsg once your off claim. Younger client cetive NY Included all states. Capped at $250K NY, CT, CA MT For formational purposes only. t bdg. Please refer to carrier specific documentation for additional details.
rth American Penn Mutual Prcipal Protective Protective Chronic Illness Accelerated Benefit Rider Chronic Illness Accelerated Benefit Rider Chronic Illness Death Benefit Advance Rider Chronic Illness Accelerated DB Rider ExtendCare Rider Chronic/Critical Illness Chronic/Critical Illness Chronic Illness (101g) Chronic/Critical Illness Chronic/Critical Illness A loss of functional capacity that is expected to be permanent - two fo the six ADL's or permanent cognitive impairment Custom GrowthCV All permanent products except SVUL can be UL Flex II and UL Accumulation II ProClassic UL Custom Choice UL Custom Guarantee added to some -force policies. Advantage Choice UL Custom TermUL Guarantee Builder IUL Rapid Builder IUL Eligble Underwritg Classes Elimation Period To age 75 Age 20 to 85 20-75 Ages 20-80 Ages 20-80 All classes up to Table 4, no flat extras All classes up to Table 4, flat extras up to $10 All classes, Up to Table C All classes to Table 4 All classes to Table 4 90 days 2 years ne 90 or 365 days 3 or 12 months Indemnity Indemnity Indemnity Indemnity Indemnity Mimum amt at each election is lesser of 5% of DB on the itial election date or $75,000. Max amt at each election is lesser of 24% of DB on the itial election date or $240,000. Lifetime max: $1,000,000. Mimum: $400 month ($4,800 per policy yr). Max: lesser of $240k per policy yr, 24% of eligible death benefit, or IRS per diem amount. Lifetime max: $5 million. Annual Max is lesser of 25% of itial eligible amount or the annual per diem limit. Lifetime Max of 75% of face amount at itial election or $1m Monthly benefit: $1000, $2500, $5000, $7500; cannot exceed 5% of base policy face amount. Lifetime max: lesser of $1 million or 90% of death benefit. Monthly benefit: $1000-$8500; cannot exceed 5% of base policy face amount. Lifetime max: 100% of death benefit up to $5m face amount. Adjusted at Yes Yes Yes - Benefits are calculated usg a discounted factor Calculation Benefit payments are reduced by a discounted or "reduction" factor sce there is no premium charge for the Home Health Care Hospice Assisted Livg Facility Adult Day Care Other qualifyg services ; however, the client must mata greater of 5% of DB available when itial election was made or $10,000. ne Discounted acceleration plus $200 adm fee applied for each selection. Payments can be lump sum or 2x's per year. Recertification annually at expense of owner $50k of DB must rema -force. Can be added to qualifyg -force policies. Recertification required annually at expense of owner/sured Annual recertification is required; ternational benefits available Additional charge. Payments can be monthly or lump sum. Recertification required annually at expense of owner/sured Additional charge. Payments can be monthly or lump sum. Recertification required annually at expense of owner/sured or? or Contue? CA, CT, MT CA, MD, WA CA, NY, FL, CT, NJ CA, CT, FL CA, CT, FL For formational purposes only. t bdg. Please refer to carrier specific documentation for additional details.
Prudential Prudential Symetra Transamerica Transamerica Livg Needs Benefit Rider BenefitAccess Rider ADB for Cognitive Impairment and Limited LTC Rider Livg Benefits ADL Chronic/Critical Illness Chronic/Critical Illness Chronic/Critical Illness LTC Chronic/Critical Illness Yes Confed to nursg home for 6 months, Unable to perform 2 of 6 ADL's. Needs termally ill w/ 6-month life expectancy or organ substantial Supervision due to cognitive transplant All dividual term and permanent life policies PruLife UL Protector Classic UL TransNavigator IUL Trendsetter LB Eligble Underwritg Classes Elimation Period Same as product Ages 20-80 Ages 20-85 Ages 18-80 Same as product Same as product All Classes to Table 4 Automatic on Preferred and Standard All classes up to Table D Same as product 6 months (nursg home usage only) ne 90 Days 90 days 90 days Indemnity Indemnity Indemnity Indemnity Indemnity Nursg home: 70%-80% of full face amount. Organ transplant: 90%-95% of full face amt. Termal illness: 90%-95% of full face amt. Monthly benefit lesser of 2% of DB, IRS per diem, or IRS per diem compounded at 4% annually. M. benefit lessor of 50% of DB or $10,000 Max benefit lessor of 50% of DB or $250,000 Monthly benefit: Lesser of 2% of DB or HIPPA per diem. Lifetime max: $1MM. Up to 24% of face amount annually. Lifetime max: Lesser of 90% of face amount or $500K. Lifetime max: 100% of DB up to $5m Adjusted at Yes Yes Yes Calculation 70% of DB if expected to live nursg home. 90% of DB for termal illness up to 6 months. Lesser of $10,000 or 10% of lowest face amount base policy less any outstandg policy. Discounted acceleration plus $150 charge for enactment of the. Insured and Pru setup desired claim period. Recertification not required unless claim period designated and agreed to by the policy owner has expired. Additional charge. t available to non-us Acceleration can be taken as a lump sum or residents. After 25 months of benefits all charges paid monthly payments for up to 10 years are waived. Additonal charge. LTC charges are guaranteed not to crease; will rema level for life of policy. Recertification required Benefit is built to product. Policy must be force for 2 yrs before benefit can be used. Recertification required or? ; after 25 months of beg on claim, premiums will contued to be waived even if off claim.. RAP (Required Annual Premium) must be paid through 5 years. or Contue? WA state restrictions for. CA, NY HI, FL,GU, NY, PR HI, KS, MS, NY, NH, VT For formational purposes only. t bdg. Please refer to carrier specific documentation for additional details.
Voya Accelerated Benefit Rider Chronic/Critical Illness Voya Chronic Illness Rider Chronic/Critical Illness Qualifyg medical/physical condition or life expectancy of 12 months or less from the date of receipt of a Physician Statement ING UL-CV ING IUL-CV ING IUL Protector ING IUL Global ING IUL Global Choice ING IUL Protector (Except Orange Pass) ING IUL Global ING IUL Global Choice Same as product 20-75 Eligble Underwritg Classes Elimation Period Same as product N/A Indemnity Mimum benefit: $10,000 Table 4 or better 90 Days. ne for Cognitive Impairment Indemnity Mimum benefit: $5,000/year or $500/month Max benefit: lesser of 50% of death benefit or $1,000,000 Max benefit: $2,000,000 Adjusted at Yes Yes Calculation Benefits paid only after review of APS cludg all medical records certifyg the sured has a condition covered by the. Each payment reduces the policy's value by an accelerated percentage based on age of claimant which is calculated at the time of each payment. Mimum residual death benefit of $25,000 required. additional cost for the, subject to discount factors. recertification required Monthly cost for the crease annually and are deducted from the policy's account value. or? Contue or Contue? NY For formational purposes only. t bdg. Please refer to carrier specific documentation for additional details.