Question:
Premiums are guaranteed for both the base policy and continuation of benefit rider (Asset-Care & Annuity Care). Are there other elements of the policy that are guaranteed?
Answer:
There are guaranteed elements of every policy that extends beyond the premium. With Asset-Care I & IV, for example, the minimum guaranteed benefit that will be paid from the policy will be the specified amount (death benefit).
With Indexed Annuity Care, there is a guaranteed “step-up” in the benefit pool for the first 15 policy years (except Connecticut).
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