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Old 09-13-2018, 09:52 AM
Rudy811 Rudy811 is offline
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Default Accelerated Death Benefit

Is an Accelerated Death Benefit Rider for Chronic Illness (which has a premium charge) considered a QAB? We are trying to decided if the rider premium is included when MEC testing.
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Old 09-13-2018, 10:55 AM
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urysohn urysohn is offline
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QABs are defined in 7702.
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Old 09-13-2018, 10:57 AM
Chuck Chuck is offline
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Quote:
Originally Posted by Rudy811 View Post
Is an Accelerated Death Benefit Rider for Chronic Illness (which has a premium charge) considered a QAB? We are trying to decided if the rider premium is included when MEC testing.
Per LIME book - Not directly mentioned that I can see - but I don't think so, maybe unless CI could be considered a disability benefit? But everything I've seen says no. Also, ADB for LTC is not a QAB.
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Old 09-13-2018, 11:00 AM
Rudy811 Rudy811 is offline
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Thanks. I was leaning the same way but wasn't sure if anyone was considering it a DI benefit for some reason.
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Old 09-13-2018, 12:01 PM
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Not a QAB.
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