Joe's Condition Catches Up
At age 66, Joe can no longer perform 2 ADLs due to his COPD. His wife works full-time and is not able to provide the daily care assistance that he requires. Joe decides to exercise his chronic
illness rider to help pay for his care assistance.
Joe accelerates 50% of his death benefit or $100,000. His actual benefit amount will be based on the severity of his illness and its impact on his future life expectancy. In Joe’s case, he
receives a lump-sum benefit of $82,844 and his monthly premium is reduced to $119.78.1, 2