BENEFITACCESS RIDER (BAR) HIGHLIGHTS - Lovett Financial

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CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONCOMPARISON CHARTSClick on number to jump to desired information. 1 2 3 8 12 14QUICK LOOK:Life insurance with an optional chronicillness, long-term care, and/or terminalillness riderQUICK LOOK:Hybrid life productsDETAILED LOOK:Life insurance with BAR vs. life insurancewith optional chronic illness and/orterminal illness rider – Part 1Prudential, Nationwide, Lincoln National, JohnHancock, Pacific LifeDETAILED LOOK:Life insurance with BAR vs. life insurancewith optional chronic illness and/orterminal illness rider – Part 2Prudential, Penn Mutual, Protective, Transamerica,American General, AXADETAILED LOOK:Life insurance with BAR vs. life insurancewith optional chronic illness and/orterminal illness rider – Part 3Prudential, Securian, Principal, United of Omaha,SymetraDETAILED LOOK:Life insurance with BAR vs. hybrid lifeproducts(Products that offer both life insurance and long-termcare benefits)BenefitAccess Rider vs. Other Chronic Illness and/or Terminal Illness RidersMany prominent carriers offer products that provide death benefit and chronic illness care protection. Whichproduct or carrier is appropriate for a client depends on a variety of factors. Use the accompanying charts to helpyou evaluate the differences and similarities between these products.BENEFITACCESS RIDER (BAR) HIGHLIGHTSPays for the Condition, Not the Care – 80% of people who are chronically ill stay in their private home.* WithBenefitAccess, there is no requirement to receive professional care in order to be eligible for benefits. Clients havethe flexibility to use their funds the way they’d like. Even if they want to stay home and be cared for by a loved one.Double Duty Dollars – Life insurance with BenefitAccess offers clients multiple benefits in one policy—100%** ofthe policy’s death benefit will be paid out, either as a living benefit or as a death benefit.Prepare Now, Plan Later – A person who is healthy today does not know what type of care he or she will specificallywant or need for a chronic illness event that might occur many years in the future. Clients have full flexibility touse BAR proceeds in a way that best suits their needs during a chronic illness. There is no specific list of coveredservices for benefit eligibility. BenefitAccess provides clients with the flexibility to make those critical decisions later,when it matters most.Lifetime Benefit Can Grow*** – The total amount available for acceleration with BenefitAccess can grow as thepolicy’s death benefit grows: If the policy hits corridor on a policy with Option A Death Benefit; If the policy’s contract fund grows on a policy with Option B Death Benefit; or If a policy has Option C Death Benefit, the BAR Benefit will equal the basic insurance amount plus premiums.Competitive Cost – BenefitAccess can be a cost-effective way for clients to have added protection against a chronic orterminal illness event when they purchase permanent life insurance. The cost of the rider is generally 5% – 25% ofthe life insurance premium (depending on age, gender, underwriting class, and monthly benefit option selected).Choice of Monthly Payout Options – BenefitAccess offers clients a choice of maximum monthly benefit options—2%or 4% of the death benefit at the time of claim.Potential for Easier Access to Benefits – With BenefitAccess, it is possible for clients to begin receiving benefitpayments as soon as their claim is approved, without having to satisfy a waiting or elimination period. Terms andconditions apply.* Hagen S, et al. Rising demand for longterm services and supports for elderly people.Congressional Budget Office. June 26, 2013, p.13.** For terminal illness claims, the accelerated death benefit payment is reduced by adiscount factor and a one-time processing fee applies.NOT FOR CONSUMER USE.1014206-00002-00 Ed. 06/2019*** The maximum monthly amount is subject to IRS limits. Availability of death benefitoptions varies by product type.

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONLife insurance with an optional chronic illness, long-term care, and/or terminal illness riderRider NameProduct TypeNo Elimination orWaiting Period*PrudentialBenefitAccess Rider 2017Indemnity 5Nationwide4Long-Term Care (LTC) Rider IIIndemnityNoLong-Term Care (LTC) RiderReimbursementNoExtendCare RiderChronic Illness AcceleratedBenefit RiderPremier Living Benefits Rider 2IndemnityNoJohn Hancock4Protective4Penn MutualPacific LifeLincoln NationalAXATransamericaAmerican GeneralSecurianPrincipalUnited of OmahaSymetraYes 5Pays for FamilyCare1/NoProfessionalCare RequiredFull DB Availablefor AccelerationPermanentLapse Protection2No Restrictionson Benefit Use 3 YesYes 3No tyNoIndemnityNoChronic Illness AgreementIndemnityNoChronic Illness Access AgreementChronic Illness Death BenefitAdvance RiderAccelerated Death Benefit for ChronicIllnessIndemnityNoIndemnity IndemnityLong-Term Care RiderReimbursementChronic Illness RiderIndemnityChronic Illness Plus RiderIndemnityIndemnityIndemnityPremier LTC RiderIndemnityLifeEnhance Accelerated Benefits RiderIndemnityLifeAssure Accelerated Benefits RiderLincoln Care Coverage AcceleratedBenefits RiderLong-Term Care Services RiderIndemnityLong-Term Care RiderChronic Illness Accelerated Death BenefitRiderAccelerated Access Solution ChronicIllness Accelerated Death Benefit RiderYes YesYesNoYesYesYesYesYesYesYesYesYesYesYesNo YesNoYes NoNo Yes66YesNoYesNoYes NoNo YesAvailable withOption B DeathBenefit YesYesNoNoNo YesYesYesYesYesYesNo YesNo PermanencyRequirement YesYes YesYesNoYesNoNo YesYesNoYesNo YesNoNoNoYesNoNo YesNoNoNo YesNoNo Yes Yes NoYesNo YesNoNo YesNo NoNo YesNoNoNo YesNoNoYesNoNoYes NoYesNoNoYesYesYesYesYesYesYes YesYesYes YesYesYesYesF amily Care means that the insured does not need to receive professional, qualified LTC services to be eligible for benefits, and there are no restrictions if a family member is the caregiver. With Prudential, while on chronic illness claim, the policy is protected from lapse, through waiver of policy and rider charges. If the chronic illness claim continues for 25 months, the policy is permanently protected from lapse, even if the client latercomes off claim. If the client comes off claim within 25 months of initially going on claim they may need to make additional premium payments to keep the policy from lapsing.3 A home health care service agency with a valid certificate of approval must be the primary caregiver monitoring care on a regular basis. However, excess benefits may be used to pay a family member to provide supplemental care.4 Terminal illness benefits available through another rider the carrier has available.5 For those individuals certified as chronically ill and not expected to recover, benefit payments begin promptly after the claim is approved, with no elimination or waiting period. For those certified as chronically ill and expected to recover, a 90-calendar-dayelimination period must be satisfied and benefit payments begin promptly after elimination period is satisfied.6 If the insured is certified as chronically ill for three consecutive Benefit Periods, the monthly deductions will be waived for as long as the policy is in force.12For complete information about the specifics of the products included here, please refer to the tables on the pages that follow.1

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONHYBRID LIFE PRODUCTS (products that offer both life insurance and long-term care benefits)Product NameProduct TypeNo WaitingPeriodPays for Family Care/NoProfessional Care RequiredFull DB Availablefor AccelerationPermanent LapseProtectionNo Restrictionson Benefit UseMoneyGuard II (2019)Reimbursement YesNo YesNoNoNoNoPacific Life 7PremierCare AdvantageReimbursementNoNo YesNoNoNoNoNationwideNationwideCareMatters IIIndemnityNo Yes YesNo YesNoNoState Life(OneAmerica)Asset-Care (I & IV)ReimbursementNoNo YesNoNoNoNoNew York LifeAsset FlexReimbursementNo Yes YesNoNoNoNoSecurianSecureCareIndemnityNo NoNo NoNoLincoln National4YesYesAvailable with Option BNo Health LicenseDeath BenefitRequired to Sell Rider Pacific Life only offers single-premium products; therefore, policies are not subject to potential lapse.Please note that all hybrid products offer inflation protection.7For complete information about the specifics of the products included here, please refer to the tables on the pages that follow.2

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONLIFE INSURANCE WITH BENEFITACCESS VS. LIFE INSURANCE WITH OPTIONAL CHRONIC ILLNESS AND/OR TERMINAL ILLNESS RIDER – Part 1PrudentialNationwideLincoln NationalJohn HancockPacific LifeRider NameBenefitAccess Rider2017Long-Term Care Rider IILifeEnhanceAccelerated BenefitsRiderLifeAssure AcceleratedBenefits RiderLincoln Care CoverageAccelerated BenefitsRiderLong-Term Care (LTC)RiderPremier Living BenefitsRider 2Premier LTC RiderTax QualifiedStatusIRC 101(g)7702B(b)—LTC; 101((g)(5))—Accelerated DeathBenefitIRC 101(g)IRC 101(g)IRC 7702B(b)IRC 7702B(b)IRC 101(g)IRC 7702B(b)Rider TypeChronic/terminalillness riderLong-term care riderChronic/terminal illnessriderChronic/terminal illnessriderLong-term care riderLong-term care riderChronic illness riderLong-term care riderProductAvailabilityPruLife FoundersPlus UL VUL Protector PruLife UniversalProtectorPruLife IndexAdvantage UL PruLife CustomPremier IIPruLife Essential ULPruLife SurvivorshipIndex UL*YourLife IULIUL Accumulator IIIUL Protector IINo-Lapse Guarantee UL II†YourLife Current Assumption UL†YourLife NLG SUL IIVUL AccumulatorVUL ProtectorLifeGuarantee UL(2013)-02/12/18WealthAccumulate IUL(2019)-02/11/19WealthPreserve IUL(2017)-02/11/19WealthAdvantage IULWealthPreserve SIULVULONE 2019AssetEdge VUL 2015AssetEdge Exec VUL2015LifeGuarantee UL(2013)-02/12/18WealthAccumulate IUL(2019)-02/11/19WealthPreserve IUL(2019)-02/11/19VULONE 2019LifeGuarantee UL,VULONE 2019Accumulation IUL 18Accumulation VUL 14Protection IUL 18Protection UL 18Protection VUL 17UL-G 13Pacific Discovery XeleratorIUL 2 (PDX 2)Pacific Indexed Accumulator6 (PIA 6)Pacific Select VUL 2015(PSVUL 2015)Pacific Select VULAccumulation (PSVUL-A)Versa Flex Venture UL (VFVenture)Versa Flex NLG 2014 (VF NLG2014)Pacific Indexed EstatePreserver 2 (IPEP 2)Pacific Select SurvivorshipVUL (PS SVUL)Pacific Prime VULPIA Protector (PIA PRO)Pacific DiscoveryProtector IUL (PDP)Pacific DiscoveryXelerator 2 (PDX 2)Pacific IndexedAccumulator 6 (PIA 6)Pacific Select VUL2015 (PSVUL 2015)Pacific SelectVUL-Accumulation(PSVUL-A)Versa Flex Venture UL(VF Venture)Accident andHealth LicenseRequirementNOYESNONOYESYESNOYES*PruLife Survivorship Index UL offers the Survivorship BenefitAccess Rider. Refer to Survivorship BenefitAccess Rider Overview for details.†Comes available with prior version of rider.Continued on the next page.3

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONLIFE INSURANCE WITH BENEFITACCESS VS. LIFE INSURANCE WITH OPTIONAL CHRONIC ILLNESS AND/OR TERMINAL ILLNESS RIDER – Part 1 (continued)PrudentialEligibilityCertified by alicensed health carepractitioner as:1. being unable toperform (withoutsubstantialassistance fromanother individual) atleast 2 of 6 Activitiesof Daily Living (ADL)for a period of atleast 90 days due toa loss of functionalcapacity,* or2. requiringsubstantialsupervision forprotection fromthreats to health andsafety due to severecognitive impairment.NationwideCertified, within thepreceding twelve months,by a licensed health carepractitioner as:a. being unable to perform,without substantialassistance from anotherindividual, at least two ormore of the Activities ofDaily Living (i.e., bathing,continence, dressing, eating,toileting, and transferring)for a period of at least90 days due to a loss offunctional capacity; orb. requiring substantialsupervision to protect theindividual from threats tohealth and safety due tosevere cognitive impairment;1. the insured must bereceiving qualified long-termcare services specified in aplan of care;2. the elimination periodmust be satisfied (only once)Lincoln NationalWritten certification bya licensed health carepractitioner within thepreceding 12 monthsthat the insured ischronically ill and unableto perform (withoutsubstantial assistancefrom another individual)at least 2 Activities ofDaily Living (ADLs) fora period of at least 90days due to a loss offunctional capacity.ADLs include: bathing,continence, dressing,eating, toileting, andtransferring OR requiringsubstantial supervisionfrom another individualto protect the insuredfrom threats to healthand safety due to severecognitive impairment ANDaccording to certificationfrom a licensed healthcare practitioner, servicesare likely to be needed forthe rest of the insured’slife.Certified by a LicensedHealth Care Practitionerwithin the preceding 12months as 1) NeedingServices as set forthin Written Certificationspecifying such Servicesare likely to be neededfor the rest of theInsured’slife; AND 2) Either: a)Being unable to perform(without SubstantialAssistancefrom another individual)at least 2 ADLs for aperiod of at least 90days due to a loss offunctional capacity; orb) Requiring SubstantialSupervision fromanother individual toprotect the Insured fromthreats to health andsafety due to SevereCognitive Impairment.John HancockAn insured may receivebenefits under thisrider once the followingconditions are met: 90 calendar dayselimination periodon which the insuredreceives CoveredServices is satisfied.Consecutive days arenot required but mustbe satisfied within acontinuous period of730 calendar days. Written certificationfrom a Licensed HealthCare Practitionerthat the Insured isChronically Ill isreceived at least every12 months. ChronicallyIll defined as theInsured is either a)Unable to perform(without SubstantialAssistance from anotherindividual) at least 2Activities of Daily Living(ADLs) for a period ofat least 90 days dueto a loss of functionalcapacity; or b) RequiresSubstantial Supervisionfrom another individualto protect the insuredfrom threats to healthand safety due to SevereCognitive Impairment.Written certification froma licensed health carepractitioner that the lifeinsured is chronically illas defined in the rider(the life insured mustbe unable to perform 2of the 6 ADLs withoutsubstantial assistance oris found to have a severecognitive impairmentthat threatens theirhealth or safety. Thesix ADLs are bathing,eating, continence,toileting, dressing, andtransferring) and isreceiving qualified longterm care services undera current plan of care.Further documentationincludes written proofof loss for the life of theinsured.Pacific LifeWritten proof by a licensedhealth care practitionerthat the insured has beencertified as chronically ill andis unable to perform withoutsubstantial assistance fromanother individual at leasttwo Activities of Daily Livingdue to a loss of functionalcapacity or must requiresubstantial supervision toprotect the individual fromthreats to health and safetydue to severe cognitiveimpairment and that thecondition(s) is expected to bepermanent.Certification by alicensed healthcare practitioner asbeing chronically illas described below:The insured receivescare that is a coveredservice under therider and such care isprovided pursuant toa written plan of carethat is appropriateand consistent withgenerally acceptedstandards of carefor persons whoare chronically illindividuals; and theapplicable eliminationperiod has beensatisfied.* PruLife Survivorship Index UL offers the Survivorship BenefitAccess Rider. Refer to Survivorship BenefitAccess Rider Overview for details.†Comes available with prior version of rider.*In NY and CA, the insured must be certified as having a chronic illness that is expected to last the rest of their life.Continued on the next page.4

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONLIFE INSURANCE WITH BENEFITACCESS VS. LIFE INSURANCE WITH OPTIONAL CHRONIC ILLNESS AND/OR TERMINAL ILLNESS RIDER – Part 1 (continued)PrudentialNationwideLincoln NationalJohn HancockPacific LifeIssue Ages20 – 8020 – 8020 – 8020 – 8020 – 8020 – 7518 – 75 (Varies by product)18 – 75Benefit PaymentOptionsMonthly, annual lumpsum, or one-timelump sum.Monthly, annual lump sum, orone-time lump sum.Monthly indemnity, orone-time lump sumAnnual lump sumMonthly reimbursementEither 1%, 2%, or 4%in Monthly AccelerationPercentage (MAP) of thetotal benefit pool (from1% to 100% of the faceamount)Monthly indemnity or annuallump sumMonthly indemnityLesser of the ElectedPercentage (2%, 3%, or 4%)of the specified amount, 2Xthe HIPAA Per Diem Limit,or 1/12th of the MaximumLifetime LTC BenefitThe lesser of either 2%of the original benefitamount or the IRS perdiem limit times thenumber of days in themonthLesser of 1) Net benefitpayment of the annualIRS Per Diem; 2) 25%of the Original BenefitAmount multiplied bya discount factor; or3) the RemainingBenefit Amountmultiplied by a discountfactor2% (4 year duration or4% (2 year duration),capped at 50,000 50,000Up to 2% of the eligibledeath benefit (24% ifannually) of the policy at thetime of initial claim up to125% of IRS per diem limit.Entire death benefit may beaccelerated up to the lifetimemaximum of 1.5 millionChoice of either2% or 4% of theAdjusted LTC CoverageAmount, subject to themaximum per diemLimitation Percentageof 125%Equal to the policy’s specifiedamount 5 million (Ages 20– 69) 1.5 million (Ages20 – 69) 2.5 million for 2% 1.5 million 2 million (Ages 70– 80) 1 million (Ages 70– 80)Varies by MonthlyAcceleration Percentage(MAP):Lesser of the policy’sTotal Face Amountor A) 3 million ifthe 2% MaximumMonthly Percentageis elected B) or ifthe 4% MaximumMonthly Percentageis elected then maxLTC Coverage is: 1.5million for issue agesup to 64 and 750,000for issue ages 65 Annual lump sumis calculated witha discount factor,resulting in a lowernet benefit.One-time lump sumis only availablefor terminal illnessclaims (in all states)and is calculated witha discount factor,resulting in a lowernet benefit.Maximum MonthlyBenefitChoice of either 2%or 4% of the deathbenefit (electedat issue*), not toexceed: 1) IRS perdiem limit at thetime of claim; 2) IRSper diem limit at thetime of policy issue,compounded annuallyat 4%.Annual lump sum iscalculated with a discountfactor, resulting in a lowernet benefit.One-time lump sum is onlyavailable for terminal illnessclaims (in all states) and iscalculated with a discountfactor, resulting in a lowernet benefit.*4% option availableon policies with faceamount of 500,000or less.Maximum TotalBenefitThe death benefit ofthe policy at the timeof initial claim. Themaximum is 5 million andapplies on anaggregate basis ifmultiple policies areowned by the insured. 1.25 million for 4% 5 million for 1% MAP, 2.5 million for 2% MAP, 1.25 million for 4% MAP* PruLife Survivorship Index UL offers the Survivorship BenefitAccess Rider. Refer to Survivorship BenefitAccess Rider Overview for details.†Comes available with prior version of rider.*In NY and CA, the insured must be certified as having a chronic illness that is expected to last the rest of their life.Continued on the next page.5

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONLIFE INSURANCE WITH BENEFITACCESS VS. LIFE INSURANCE WITH OPTIONAL CHRONIC ILLNESS AND/OR TERMINAL ILLNESS RIDER – Part 1 (continued)PrudentialNationwideLincoln NationalJohn HancockPacific LifeRestrictions onUse of BenefitNo restrictions onbenefit use, oncebenefit eligibilityrequirements are metNo restrictions on benefituse, once benefit eligibilityrequirements are metNo restrictions onbenefit use, once benefiteligibility requirementsare metNo restrictions onbenefit use, once benefiteligibility requirementsare metThe followingCovered Servicesmay be available forreimbursement tothe extent that suchservices are prescribedin the Insured’s Plan ofCare and are QualifiedLong-Term CareServices as definedin the Rider: AdultDay Care Services,Assisted LivingFacility Services, BedReservation (limited to30 days each calendaryear), Care PlanningServices, CaregiverTraining, Home HealthCare Services, HospiceServices, NursingHome Care Services,Respite Care Services,Alternative CareServices, Non-ContinualServices (servicesreceived on a nonrecurring basis such asexpenses for durablemedical equipment orfor home modificationsto accommodate awheelchair or otherdevice).Benefit payments will onlycover qualifying longterm care costs actuallyincurred including homehealth care, assistedliving facility, adult daycare center, nursing home,hospice center, and bedhold benefit for up to 21days per policy year, up toselected monthly benefit.No restrictions on benefituse, once benefit eligibilityrequirements are metNo restrictions onbenefit use, oncebenefit eligibilityrequirements are metElimination PeriodNONE: For thosecertified aschronically ill and notexpected to recover.90 calendar daysNONENONE90 calendar days (Neednot be consecutive, butmust be satisfied withina continuous period of730 calendar days)100 service daysNONE90 calendar days fora loss related to theinsured’s inability toperform activities ofdaily living or 365days for a loss dueto severe cognitiveimpairmentNONENONEAny death benefit remainingwhen policyowner elects lessthan 100% of accelerationfor claimNONE90 Calendar Days:For those certified aschronically ill, butexpected to recover.Residual DeathBenefitNONE(Need not be consecutive, butmust be within a continuousperiod of 730 days)10% of policy specifiedamountNONENONE(Need not be consecutive)* PruLife Survivorship Index UL offers the Survivorship BenefitAccess Rider. Refer to Survivorship BenefitAccess Rider Overview for details.†Comes available with prior version of rider.*In NY and CA, the insured must be certified as having a chronic illness that is expected to last the rest of their life.Continued on the next page.6

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONLIFE INSURANCE WITH BENEFITACCESS VS. LIFE INSURANCE WITH OPTIONAL CHRONIC ILLNESS AND/OR TERMINAL ILLNESS RIDER – Part 1 (continued)PrudentialRider ChargeMonthly deductionsNationwideLincoln NationalMonthly deductionsMonthly deductionsNONE(Treated as non-taxabledistributions that reduce costbasis)(adds approximately 6%increase to base producttarget)(Subject to discountfactors)Yes, annuallyYes, annuallyYes, annuallyJohn HancockMonthly deductionsPacific LifeMonthly deductionsNONE(Treated as non-taxabledistributions that reducecost basis)(subject to discount factors)Monthly deductionsYes, annuallyYes, annuallyYes, annuallyYes, annuallyRecertificationRequiredYes, annuallyClaim Impact onDeath BenefitDollar-for-dollarreductionDollar-for-dollar reductionProportional reductionProportional reductionDollar-for-dollarreductionProportional reductionGreater than dollar-for-dollarreduction; reduced withdiscount factorDollar-for-dollarreductionClaim Impact onPolicy ValuesProportional reductionDollar-for-dollar reductionProportional reductionProportional reductionProportional reductionProportional reductionProportional reductionProportional ONEYES(Certification andrecertification mustoccur in the U.S. by alicensed health carepractitioner)(Upon meeting qualifyingconditions, the insuredcan receive LTC benefitsoutside of the U.S. as longas the physician assessmentand care service arecommensurate with what isexpected of a U.S. claim)(Provided the health carepractitioner must belicensed in the U.S.)(Provided the healthcare practitioner mustbe licensed in the U.S.)limited to NursingHome or Assisted LivingFacility confinement(Health CarePractitioner must beU.S. licensed)Provides Benefitsin the Event ofTerminal IllnessYESTerminal illness benefitsavailable through a separateriderYESYES(Provides for benefit ifthe insured becomesterminally ill and hasa life expectancy of 12months or less)(Provides for benefit ifthe insured becomesterminally ill and has alife expectancy of 12months or less)Terminal illnessbenefits availablethrough a separateriderRecertification only asnecessary (at company’sexpense)(Provides for benefit ifthe insured becomesterminally ill and hasa life expectancy of6* months or less)* CA: 12 months(Certification andrecertification mustoccur in the U.S. by alicensed health carepractitioner)Terminal illness benefitsavailable through aseparate riderTerminal illness benefitsavailable through a separateriderYES(Provides for benefit ifthe insured becomesterminally ill and hasa life expectancy of12 months or less,as certified by aphysician)7

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONLIFE INSURANCE WITH BENEFITACCESS VS. LIFE INSURANCE WITH OPTIONAL CHRONIC ILLNESS AND/OR TERMINAL ILLNESS RIDER – Part 2PrudentialPenn MutualProtectiveTransamericaAmerican GeneralAXARider NameBenefitAccess Rider 2017Chronic Illness AcceleratedBenefit RiderExtendCare RiderLong-Term Care RiderChronic Illness AcceleratedDeath Benefit RiderAccelerated Access SolutionChronic Illness AcceleratedDeath Benefit RiderLong-Term Care ServicesRiderTax Qualified StatusIRC 101(g)IRC 101(g)IRC 101(g)IRC 7702B(b)IRC 101(g)IRC 101(g)IRC 7702B(b)Rider TypeChronic/terminal illness riderChronic illness riderChronic illness riderLong-term care riderChronic illness riderChronic illness riderLong-term care riderProduct AvailabilityPruLife Founders PlusVUL ProtectorPruLife Universal ProtectorPruLife Index Advantage ULPruLife Custom Premier IIPruLife Essential ULPruLife Survivorship Index UL*Accumulation Builder Select IULIndexed Choice ULAdvantage Choice UL 1-19ProClassic II ULStrategic Objectives VULInvestors Choice VULTransamerica FinancialFoundation IULFinancial Foundation IUL,Trendsetter LB Term SeriesSecure Lifetime GUL 3, AGPlatinum Choice VUL 2, MaxAccumulator IUL, Value Protector IULBrightLife Grow Indexed UL,IUL Protect, Incentive LifeLegacy III VUL, Incentive LifeOptimizer III VULNOYESNONOYESDiversified Growth VULGuaranteed Choice Whole LifeGuaranteed Convertible TermGuaranteed Protection ULProtection Guard ULSurvivorship Choice Whole LifeSurvivorship Plus Select IULVersatile Choice Whole LifeAccident and HealthLicense RequirementNONO* PruLife Survivorship Index UL offers the Survivorship BenefitAccess Rider. Refer to Survivorship BenefitAccess Rider Overview for details.Continued on the next page.8

CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSCOMPARISONLIFE INSURANCE WITH BENEFITACCESS RIDER: A COMPETITIVE COMPARISONLIFE INSURANCE WITH BENEFITACCESS VS. LIFE INSURANCE WITH OPTIONAL CHRONIC ILLNESS AND/OR TERMINAL ILLNESS RIDER – Part 2 (continued)EligibilityPrudentialPenn MutualProtectiveCertified by a licensed healthcare practitioner as:Must receive writtencertification from a licensedhealth care practitioner thatthe insured has a chronicillness. The licensed healthcare practitioner must alsocertify that continuous carein an eligible facility orat home is expected to berequired for the remainderof the insured’s life whenthe insured has a chronicillness. Chronic illness meansthat the insured has beencertified by a licensed healthcare practitioner withinthe last 12 months as: (1)being unable to performat least two Activitiesof Daily Living withoutsubstantial assistancefrom another person dueto a loss of functionalcapacity for a period of atleast 90 consecutive days;or (2) requiring substantialsupervision by another personfor a period of at least 90consecutive days to protectthe insured from threatsto health and safety due tosevere cognitive impairment.Insured must be certified by alicensed health carepractitioner within the past 12months as chronically ill—defined as either unable toperform at least two Activitiesof Daily Living withoutsubstantial assistance for atleast equal to the EliminationPeriod (90 days), or requiringsubstantial supervision forprotection from health andsafety threats due to severecognitive impairment. Anindividual must be certified asbeing chronically ill for at least12 months.Subject to the insured (1)being certified by a licensedhealth care practitioneras being chronically ill asdefined in the rider (beingunable to perform, withoutsubstantial assistance fromanother individual, at least 2out of the 6 Activities of DailyLiving (ADLs) for an expectedperiod of at least 90 daysdue to a loss of functionalcapacity; or requiringsubstantial supervision toprotect the insured fromthreats to health and safetydue to severe cognitiveimpairment); (2) receivingqualified long-term careservices covered under therider and specified in aplan of care; (3) having anapproved current plan of careand written proof of loss.1. being unable to perform(without substantialassistance from anotherindividual) at least 2 of 6Activities of Daily Living(ADL) for a period of at least90 days due to a loss offunctional capacity,* or2. requiring substantialsupervision for protectionfrom threats to health andsafety due to severe cognitiveimpairment.TransamericaAmerican GeneralAXACertification by a licensedhealth care practitioneras being chronically illwithin 12 months of theAccelerated Death Benefitrequest. Chronically ill isdefined as the Insured being1) unable to perform, withoutSubstantial Assistance fromanother person for a periodof at least 90 days, at least2 out of 6 Activities of DailyLiving (ADL); or 2) requiresSubstantial Supervision byanother

Prudential Nationwide Lincoln National John Hancock Pacific Life Rider Name BenefitAccess Rider 2017 Long-Term Care Rider II LifeEnhance Accelerated Benefits Rider LifeAssure Accelerated Benefits Rider Lincoln Care Coverage Accelerated Benefits Rider Long-Term Care (LTC) Rider Premier Living Benefits Rider 2 Premier LTC Rider Tax Qualified Status

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