LifeScape® Reversionary Annuity (AIP)
(Policy form Nos. A R100, A R103, A R105)
The Assured Income Protector Life Insurance policy (a reversionary annuity) is designed to provide loved ones with a steady stream of lifetime income.
Issue Ages:
Insured: 18 through 85
Beneficiary: 0 through 85
Beneficiary: To age 80 with Premium Protector Rider
Monthly Benefits: Monthly income for life of beneficiary. Monthly income for life of beneficiary with 10-year certain period
Specific Monthly Benefit Options:
Two additional ridersLevel Benefit Option
3 Percent Increasing Option – Monthly benefit payment increases on each policy anniversary date by 3 percent, commencing on the first anniversary date of the policy.
5 Percent Increasing Option – Monthly benefit payment increases by 5 percent annually beginning one year after the first monthly benefit payment to the beneficiary.