Indexed Annuity Care - Product Specs






Contract structure                                         Single premium fixed-indexed annuity with LTC benefits


Issue ages                                                       40-85 (age last birthday) Single or joint annuitant, single with eligible


Minimum premium                                      $50,000


Maximum premium                                     $500,000 (single premium only)


Premium accepted from                              IRA, Non-qualified


Surrender charges                                        9-year surrender period only; Year 1=9 percent, declining 1 percent per year to

                                                                         0 percent in years 10+ (may vary by state)


Surrender charge waivers                           Death of owner or annuitant


Partial withdrawals                                       There are no surrender charges assessed on any qualified LTC benefit withdrawal.

                                                                         For non-LTC withdrawals, up to 10 percent of account value after year 1 can be

                                                                         taken free of surrender charge. Minimum withdrawal amount is $500.

                                                                         Full surrenders within 12 months of a partial surrender will result in recapture of

                                                                         the waived surrender charges, subject to state variations


Crediting strategies                                     • Fixed account

                                                                        • Point-to-point (PTP) with cap

                                                                        • Point-to-point (PTP) with a participation rate

                                                                        • Monthly average (MA) with cap

                                                                        • Monthly average (MA) with a participation rate


LTC payout                                                     All are reimbursement contracts. Qualification is based on receiving care because

                                                                         of either:

                                                                         1. Being unable to perform two of six activities of daily living (ADL), or

                                                                         2. Being cognitively impaired


LTC waiting period                                        After 60 days of qualified long-term care received, Indexed Annuity Care will

                                                                         begin paying benefits.


LTC coverage                                                 Long-term care withdrawals may be taken for qualifying care of the following types:


                                                                         • Nursing home facility

                                                                         • Assisted living facility

                                                                         • Home health care • Adult day care

                                                                         • Hospice care

                                                                         • Respite care

                                                                         • Bed reservation


                                                                         Producers must provide applicants with the Outline of Coverage that provides

                                                                         detailed information on coverage, contract exclusions and limitations



COB rider                                                       This optional rider can extend LTC benefits if the LTC benefit balance is totally used

                                                                         for qualifying LTC expenses. Premiums for the rider are guaranteed to never

                                                                         increase and can be paid annually or with a one-time (single) premium.

                                                                         Inflation and nonforfeiture options are also available.




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