The annuities unit at Prudential Financial Inc. has added a variable annuity living benefit rider that can double the contract holder's annual income if the holder needs long term care.
The rider, available with Prudential's Highest Daily Lifetime Seven with Lifetime Income Accelerator contract, will increase annual income whether the investor is living at home or in a qualified nursing facility.
Customers can qualify for the added income if they are either unable to perform 2 or more activities of daily living or are confined to a qualified nursing facility.
