Use this link to close this tab/window when you are done viewing the Product Training

Please read each page carefully. When the 'next' button appears, simply click it when you're ready to continue to the next page.

If you close this web page at any time during the course, you will be required to start from the beginning in order to complete the course. You will not be able to continue from the point where you left off.

Health Waiver Benefit (continued)

  • Can be exercised during the first year of the contract once the requirements above have been met for one or more category. However, during the first year, the amount available as a penalty-free withdrawal will be limited to 10% of the Accumulated Value of the Contract.
  • Exercising this benefit during the 2nd through final year of the contract will provide for a penalty-free withdrawal of up to 50% of the Accumulated Value of the Contract.
  • Penalty-free withdrawals under the Health Waiver Benefit will only be allowed once during the duration of the policy contract and will terminate once the withdrawal has been made.
  • The withdrawal will be based on the value of the policy on the date the company receives the request to exercise.
  • Not available if the conditions are present at the time of application.
  • Based on the identified condition of the Annuitant, and there is no requirement that the Owner/Annuitant show proof that the funds are used in support of the condition under which the Endorsement is exercised.
40 of 49
NEXT PAGE