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No, I am saying the client accelerates 70k but the company only pays out 40K but the remaining DB is only $30K since $70K was accelerated. The amount actually paid is based upon how the condition affects mortality and it will always be less than the amount accelerated. Some companies have a plan that pays a flat rate upon acceleration but most do not.. Especially, the ones that advertise no cost acceleration riders.
Yea - gonna have to check that out.
If they only approve 40% - then, IMO, there should be 60% left . . .
Seems the insured is getting ripped.
Any way to avoid this?