Waiver
Nursing Home Waiver: 90 day elimination period; available 30 days from issue date.
BASE PreferredIncome for Life Rider: No-cost rider which allows benefit payments through withdrawals within specified limits for the lifetime of the Covered Life (must be age 65 or older). Initial amount is equal to contract value on the date the first withdrawal taken under the rider and will be recalculated at the beginning of each contract year. The amount may increase the longer the wait to take the first payment. Any unused amount may not be carried over after the end of the contract year. ENHANCED PreferredIncome for Life Rider: An Optional rider available for an additional fee. The Enhanced Rider allows benefit payments through withdrawals within specified limits to continue for the lifetime of the last covered life (youngest covered life must be age 60 or older). Calculated percentages are higher than the Base Rider percentages and withdrawal payments are available earlier. Initial amount is equal to contract value on the date the first withdrawal is taken under the rider, and will be recalculated each contract year. The Enhanced Rider includes a roll-up, which means that additional interest may be added to the benefit base annually within the first 10 years of the contract or until the first withdrawal is made. The amount may increase the longer the wait to take the first payment. Any unused amount may not be carried over after the end of the contract year.