Highest Daily Lifetime Seven with Lifetime Income Accelerator

This rider provides the same benefit as Highest Daily Lifetime Seven Income Benefit with the ability to withdraw double the Annual Income Amount (called LIA Amount) if certain conditions are met. The LIA benefit is not long-term care insurance and should not be purchased as a substitute for long-term care insurance.,In addition to Highest Daily Lifetime 7 Income benefit annuity options, after 10th rider anniversary, annuitant may request annuity payments equal to annual benefit payment. In any year annuitant is eligible for LIA amount; annuity payments will be equal to LIA amount. Annuitization before 10th rider anniversary will forfeit LIA Amounts. LIA amount is available if eligible requirements are met. Both a waiting period of 36 months from rider issue date and elimination period of 120 days from notification, one or both of requirements have been met apply for LIA Amount eligibility. In addition to satisfying waiting and elimination period, at least one LIA conditions must be met 1) annuitant is confined to nursing facility, or 2) annuitant is unable to perform two or more activities of daily living.