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Nursing Home Waiver Available
In Massachusetts
With Certainty Select and ChoiceFour Annuities
Massachusetts clients who purchase Certainty Select or ChoiceFour annuities will automatically receive the Nursing Home Waiver (NHW).
This applies to contracts issued on or after 4/1/19 with applicant ages 0-80.
If the contract owner is confined to a nursing home or hospital for 90 days or more, the contract accumulation value will be available without surrender charges or market value adjustment, beginning in the second contract year and during the owner’s confinement.
Revised Disclosure Statements – dated 04-19 – are available now on AppBuilder and E-Apps.
Sales materials have been revised to reflect this change. Printed supplies are available at the Order Supplies link, and PDFs are linked below:
Certainty Select Agent Guide
Certainty Select Client Brochure
ChoiceFour Agent Guide
ChoiceFour Client Brochure
Simple, Client-Friendly Fixed-Rate, Deferred Annuities
Certainty Select – Multi-Year Guarantee Annuity
5 Guarantee Periods: 3, 5, 6, 8 and 10 years
Issue ages: 0-90
Minimum premium: $10,000
Free cumulative interest
Contract renewed for original period if no action taken 30 days prior to expiration
Terminal Illness Rider – all issue ages
MGA Commission through age 80: 3% (5, 6, 8, and 10 years); 2% (3 years)
Renewal Commission: 1%
ChoiceFour – Traditional Annual-Reset Annuity
Issue ages: 0-85
Minimum premium: $10,000
Base Contract – 9 years
MVA Option – 9 years + 1.5% premium bonus
Liquidity Option – 6 years + 10% free withdrawals
Both Options – 6 years + 1.5% premium bonus + 10% free withdrawals
Terminal Illness Rider – all applicant ages
MGA Commission through age 80: 5.5%
For current rates, click here.
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