Waiver
Product:
Action
Status:
Active
Waiver Type:
Annuitization
Internal Name:
Sequence:
Inception Date:
2006-07-05
Closed Date:
Max Age at Issue:
Min Age to Elect:
Max Age to Elect:
Min Balance to Elect:
Max Withdrawal Amount:
Max Benefit Elect:
Waived Upto:
Waived Upto Value:
States Available:
State Exceptions:
Description:
Annuitization Waiver: If annuitization begins four or more years after the policy issue date, a 2% interest rate bonus will be added to the accumulated value, provided the election is a life contingent income option or payments are spread over at least 10 years. Not available in Nevada, Utah and Washington.