The Income Edge Plus Rider [forms AIRW (Rev. 02/08) or state variation] is issued by American Investors Life Insurance Company, Inc., Topeka, KS 66603. Availability may vary by state. You should refer to your annuity contract and rider for a full explanation of your annuity, this rider and any charges or limitations. Please consult an appointed representative for additional information.
Home Office Approval required for cases which will exceed $1 million in force on any one annuitant.
Income Edge Plus provides a feature that can double the Rider Withdrawal Percentage during a time of Confinement for medical care, because this may be the time you need additional income the most.
After the first Contract Year, Income Edge Plus provides a feature that may increase the Rider Withdrawal percentage in the event you are confined to a qualified care facility. If you meet all the Confinement requirements (see the Certificate of Disclosure for full details) and elect to trigger this feature, an Income Withdrawal Multiplier of two (2) will be applied to your Income Withdrawal percentage, doubling your payment amount.
To receive this benefit, you must be confined to a qualified care facility for 180 days in a 250 day period. Although the qualifying Confinement Period can begin during the first Contract Year, the increased Rider Withdrawal percentage is not available until after the first Contract Year. In addition, you must be confined at the time of the Income Withdrawal to receive this increased income percentage. Once the confinement period ends, the Rider Withdrawal percentage will adjust back to the original income percentage. Please see the Income Edge Plus Certificate of Disclosure for full Confinement eligibility requirements.
These Withdrawals will not be considered in excess of the Free Withdrawal amount and therefore are not subject to a Withdrawal Charge or Market Value Adjustment. The increased income payment during the Confinement period will cause future Income Withdrawals to be reduced by the same amount that the Contract’s Accumulated Value is reduced as a result of the increased income payment.
If Lifetime Income Withdrawals were started prior to Confinement, the original Rider Withdrawal will be in place once Confinement eligibility requirements are no longer met.