EX-4.5 2 specpage.htm SPECPAGE

Riders and Benefits Charges

Accelerated Death Benefit for Long-Term Care Services Rider
[(Long-Term Care Rider)]

Rider Premium Class: [STANDARD]
Initial LTC Specified Amount:                         $[100,000] Maximum Monthly LTC Benefit Amount:       $[2,000.00] Maximum Monthly LTC Benefit Percentage:   [2]%
LTC benefit cap:
  
$[2,500,000]
Caregiver Training Benefit Limit:                    $[500]
Transitional Care Assistance Benefit:                 $[100.00] per day for up to [180] days, during the first 12 months in which benefits for any Covered Service are paid under this Rider.
Monthly LTC Rider Charge: As described in the “Cost of Rider” section of the Rider.
LTC Net Amount at Risk Discount Rate (annual): 1.00%
LTC Net Amount at Risk Discount Factor: 1.00082954

Monthly Administrative LTC Rider Fee: [$0.20] per month for the first [10] Policy Years.
The rate used to calculate the monthly fee is determined by the Insured’s Issue Age, sex, death benefit option, and Rider Premium Class.











To contact the Long-Term Care Claims Specialist, please call [800 487-1485].

Accelerated Death Benefit for Long-Term Care Services Rider - Continued

Table of Guaranteed Maximum LTC Rider Cost of Insurance Rates
The monthly LTC Rider Cost of Insurance Rates are determined by the Insured’s sex, Issue Age, Rider Premium Class, and the Policy Year, but will not exceed the rates shown in the table below.

Policy Year
Monthly Rate
Policy Year
Monthly Rate
Policy Year
Monthly Rate
[1
0.00356
41
0.17488
81
0.88661
2
0.00357
42
0.21547
82
0.89548
3
0.00357
43
0.25046
83
0.90445
4
0.00357
44
0.27747
84
0.91350
5
0.00357
45
0.31526
85
0.92264
6
0.00357
46
0.33640
86
0.93188]
7
0.00704
47
0.35717
    
8
0.00855
48
0.39853
    
9
0.01014
49
0.41759
    
10
0.01140
50
0.45809
    
11
0.01265
51
0.47289
    
12
0.01404
52
0.51153
    
13
0.01508
53
0.52462
    
14
0.01597
54
0.55900
    
15
0.01689
55
0.58419
    
16
0.01724
56
0.64483
    
17
0.01765
57
0.67697
    
18
0.01806
58
0.70512
    
19
0.01856
59
0.71217
    
20
0.01924
60
0.71930
    
21
0.02014
61
0.72650
    
22
0.02167
62
0.73377
    
23
0.02365
63
0.74111
    
24
0.02577
64
0.74853
    
25
0.02807
65
0.75602
    
26
0.03056
66
0.76359
    
27
0.03315
67
0.77123
    
28
0.03577
68
0.77895
    
29
0.03951
69
0.78674
    
30
0.04335
70
0.79462
    
31
0.04729
71
0.80257
    
32
0.05145
72
0.81060
    
33
0.05602
73
0.81871
    
34
0.06238
74
0.82691
    
35
0.07000
75
0.83518
    
36
0.07841
76
0.84354
    
37
0.09427
77
0.85198
    
38
0.10537
78
0.86051
    
39
0.12193
79
0.86912
    
40
0.15071
80
0.87782
    









Accelerated Death Benefit for Long-Term Care Services Rider - Continued

Reduction of Benefit Payments Due to Debt
A benefit paid under this Rider will be first used to repay a portion of any outstanding Debt under the Policy.

The portion to be repaid will equal the sum of (1) plus (2), then multiplied by (3), where:
(1)
is the balance in the Loan Account (Collateral Account);
(2)
is any accrued loan interest not yet charged;
(3)
is 1 – Reduction Ratio, where the Reduction Ratio is described in the “Reduction Ratio” provision below.
Policy and Rider Values
Benefit payments under this Rider will reduce the following Policy and rider values by multiplying such values by the Reduction Ratio described in the “Reduction Ratio” provision below. The following values will be reduced:
1.
Specified Amount;
2.
LTC Specified Amount;
3.
The Accumulation Value; however, the reduction will not be greater than the LTC benefit payment.  If the policy includes any of the following amounts, the account values will be reduced in the following order:

i.
 The Fixed Account Value will be reduced;
ii.
 If insufficient value exists in the Fixed Account to cover the reduction in Accumulation Value, the most recently opened Segment in the Indexed Account(s) will be reduced and will continue in successive order on a last in – first out basis.
iii.
  If multiple Segments were opened on the same Allocation Date, a prorated portion will be taken from each Segment; and
iv.
  If insufficient value exists in the Indexed Account(s) Segment(s), the Collateral Account Value, if any, will be reduced.
Debt will be reduced as described in the “Reduction of Benefit Payments Due to Debt” provision.

Reduction Ratio
The Reduction Ratio used in the “Policy and Rider Values” provision and the “Reduction of Benefit Payments Due to Debt” provision is equal to (1) minus (2), then divided by (1), where:

(1)
is the Policy’s Specified Amount immediately prior to the benefit payment; and
(2)
is the amount of the benefit payment times the ratio of the LTC Specified Amount at the start of the current claim period divided by the LTC Benefit Pool.