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Daily Coverage

Long-Term Care Insurance policies pay a daily amount towards home care, assisted living, or nursing home. Home care is the most common claim, with 75% of claims starting at home.

Plan Duration

Average claim: 2.9 years. Assuming you don’t have a crystal ball, you don’t know how long you’ll need Long Term Care for. The chance of needing Long Term Care is 1 in 2, but the chance of needing it for over five years is much smaller. Like any insurance, you may buy this and never use it, so finding a balance is key.

Return of Premium

Add this option and you’ll be able to leave your beneficiary the total sum of all of your premiums paid, less any claims you’ve made. If the thought of buying this and never using it bothers you, guarantee a return of funds with Return of Premium.

Home Health Care on Day 1

Coverage for care at home is available with no waiting period. This 10-15% extra option is the most popular add-on rider.

Shared Coverage

Women make longer claims than men, on average. Hedge your risk with your spouse by adding a Shared Care rider to your policy.

Inflation Protection

If you're buying this thinking of using in the future, include inflation protection.

NWL Impact 10 Annuity

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NWL’s Impact 10 is a fixed indexed annuity (FIA) with a 10-year surrender charge period. It is a flexible premium tax deferred index annuity. The annuity provides clients with all the benefits of conventional fixed interest annuities while giving clients the option to link their interest to the S&P Composite Stock Index, the Nikkei 225 Index, the Dow Jones EURO STOXX 50® Index, and the Hang Seng Index. This will, however, exclude dividends for each. The gains, once credited are guaranteed for the life of the annuity.

NWL Impact 10 Features

Premium bonus

Each premium payment the client makes in the first year receives a 7.00% bonus. It is however not immediately accessible to the client.

Issue age

The issue age restrictions stand at 0-85 years for qualified and non-qualified owners and 0-80 years for annuitants. The annuitization age is restricted to 95 years


  • Minimum for non-qualified payments – $5,000.
  • Minimum for qualified payments – $2,000
  • Maximum for qualified and non-qualified payments – $1,500,000.
  • Flexible premiums are permitted within the entire life of this annuity.
  • Minimum added premium- $100 for qualified and non-qualified payments.

Rider availability

There are two available riders; The Income Outlook rider and the Income Outlook Plus 5 Rider. They are not available in a few select states.

Free withdrawals

You can withdraw up to 10% of your contract value once on each contract year. The withdrawal will be based on accumulation. Withdrawals above the free 10% will attract early withdrawal charges that gradually reduce from the first to the last year from 10.00% in the first year to 2.00% in the tenth year. Annuitants can also withdrawal the accumulated interest only but only after 1 year. The account must, however, remain with at least $2,000 after free withdrawals each of which must be at least $500.


Death benefit

If the annuitant dies before the annuity date, the beneficiary receives the bonus value and the account value as a lump sum if they do not elect another payment option. If the annuitant dies on or after the annuity date, the beneficiary is paid all guaranteed amounts.


The annuity date is 22 years after the policy date.  Payments can be received under one of three available elections as the annuitant elects. A guaranteed rate of 1.25% will be used to calculate the annuity payments. The options include income for a specific number of years, income for as long as you and the joint annuitant live and income for as long as you live.

Systematic withdrawals

These are available on a monthly, quarterly, semi-annual or annual basis. The minimum amount one can withdraw from their account is $100. The minimum account value is $2,000.

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