Waiver
Product:
Action Two SPDA
Status:
Active
Waiver Type:
Annuitization
Internal Name:
Sequence:
Inception Date:
1998-04-06
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: 10 year payout or any life option.
Scrap Book:
Serious Illness: Up to 25% of Accumulated value if Heart Attack, Stroke, Kidney Failure, Alzheimer's Desease, Terminal Cancer or By-pass Surgery. For Joint Annuitant, 12.5%. Also changes Cumulative Withdrawal from 50% to 75% of Accumulated Value. Not Available in CT, NJ, & NY.