LTCF
this specific limit accounts for intermittent care and is calculated by multiplying the selected maximum daily benefit by 31.
What is Maximum Monthly Benefit?
This is the absolute maximum death benefit allowed for a single insured across both the Basic Life (13Z) and Basic Life Graded Benefit (29K) plans.
What is $50,000?
This is the absolute maximum single lump-sum benefit amount an applicant can select on a new Critical Benefit policy
What is $70,000
Following the passage of MACRA, individuals newly eligible for Medicare on or after January 1, 2020, can no longer purchase Medigap plans covering this specific out-of-pocket cost.
What is the Medicare Part B deductible?
Although it doesn't include the largest 500 stocks or companies, this widely recognized benchmark represents about 70% of the total Domestic U.S. equity market's capitalization.
What is the S&P 500® Index?
If an insured temporarily leaves a nursing home, the policy will cover the daily fee to hold their spot for up to this many days per calendar year, provided the elimination period is met
What is 21 days?
An applicant must hold status as a legal resident of the United States for at least this many months to be eligible for either Basic Life plan.
What is 24 Months?
To complete an upgrade, such as increasing the lump-sum benefit or adding a rider, an insured must wait at least this many days after the policy's effective date
What is 30 days?
Enacted by MIPPA in 2010, this core benefit was added to all standardized Medicare Supplement plans to help cover cost-sharing for end-of-life and respite care
What is Hospice Care?
This mandatory document, also known as form LA-16298, summarizes an applicant's key financial profile and must be signed and submitted with every single annuity application.
What is the Annuity Suitability Questionnaire?
Under the company's strict overlap guidelines, the total combined daily benefit across all active policies cannot exceed this absolute dollar amount.
What is $300?
If a policyholder suffers a cognitive impairment, this rider allows the policy to be reinstated without evidence of insurability within 90 days of lapsing.
What is the reinstatement rider?
If an applicant's monthly premium calculation falls below this absolute dollar threshold, the application will be automatically rejected
What is $15?
An applicant outside of an open enrollment or guaranteed issue window will be automatically declined if they check the box indicating they treat their diabetes with this.
What is insulin?
Under the S&P 500 Monthly Averaging and Point-to-Point strategies, this is the guaranteed minimum participation rate that can be declared for a single term period.
What is 10%?
This optional rider provides the insured with a reduced paid-up benefit if the policy happens to lapse for non-payment after being in force for three years.
What is the Nonforfeiture Benefit Rider?
During the first policy year, if a Basic Life Graded Benefit insured dies from natural causes, the basic death benefit is limited to this exact percentage of the first-year annual premium.
What is 110%?
For a combination policy under Form GR-G224, an insured must go at least this many days between diagnoses to collect 100% of the lump-sum benefit across both categories.
What is 180 Days?
To introduce beneficiary cost-sharing and offer lower premiums, Plan N mirrors Plan D but enforces a co-payment of up to $50 for this type of medical visit if it does not lead to hospital admission
What is an emergency room (ER) visit?
When the GLIA Plus rider is attached, this specific value represents the theoretical pool used solely to calculate lifetime income payments, which grows via rollups and index credits but cannot be cashed out as a lump sum.
What is the Income Base?
Covered expenses under this specific type of care are completely exempt from the policy's elimination period, though days spent receiving it do not count toward satisfying the elimination period for other care
What is Hospice Care?
While standard whole life contracts often mature at age 100, both the Basic Life and Graded Benefit policies remain active until this specific maturity age.
What is age 121?
Upon the reinstatement of a lapsed Critical Benefit policy, this specific waiting period applies before coverage becomes active again
What is 10-Day Waiting Period?
To protect new business clients, the company's current rate practice states that a policyholder cannot receive a premium rate increase sooner than this many months after their initial issue date.
What is six months?
To ensure a policy is issued seamlessly, this is the maximum number of days allowed from the application sign date for 1035 exchanges or transfer funds to arrive at the home office.
What is 60 Days?