Long-Term Care Riders
As reported earlier, crisis waivers are events like nursing home confinement, terminal illness, etc. where the surrender charges are waived to some extent.

On the other hand, a Long-Term Care rider is like Long-Term Care insurance.

For example, benefits are paid in the event an owner needs care. Money comes from the annuity value first and then benefits from the rider like $100.00 a day.

As the aging of America continues to spiral upward, the discussion of Long-Term Care and Long-Term Care insurance will soon become an everyday occurrence. Again, it is important for both the agent and the consumer to be informed.