Extended Care Waiver
Product:
American Landmark 5
Status:
Active
Waiver Type:
Nursing Home
Internal Name:
Sequence:
2
Inception Date:
2017-11-27
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,CT,DE,DC,FL,GA,HI,ID,IL,IND,IA,KS,KY,LA,MZ,MD,MI,MN,MS,MO,MT,NE,NV,NH,NJ,NM,NC,ND,OH,OK,ORG,PA,RI,SC,SD,TN,TX,UT,VT,VA,WA,WV,WI,WY
State Exceptions:
MA
Description:
If the owner is confined to a nursing home or other long-term care facility after the completion of the first contract year for at least 90 consecutive days, early withdrawal charges and MVAs may be waived on withdrawals up to a full surrender.