Nursing Home Waiver
Product:
5% Bonus PowerDex Elite
Status:
Active
Waiver Type:
Nursing Home
Internal Name:
Sequence:
3
Inception Date:
2006-03-29
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:
100
Waived Upto Value:
States Available:
AL,AK,AZ,AR,CA,CO,DE,DC,FL,GA,HI,ID,IL,IND,IA,LA,MZ,MD,MI,MN,MS,MO,MT,NE,NV,NH,NM,NC,ND,OH,OK,RI,SC,SD,TN,TX,VT,VA,WV,WI,WY
State Exceptions:
KS,MA,NJ
Description:
This Benefit is available after the first policy year. Should the policyholder enter a nursing home or hospital for at least 30 out of 35 consecutive days, the accumulated value is available for distribution over a period no less than 5 years and no more than 9 years. Not available in KS, MA, or NJ.