What is an enhanced withdrawal benefit?

InsuNews May 23, 2022

What is an enhanced withdrawal benefit?

Enhanced Withdrawal Benefit (EWB) value This is the total premium paid plus a 20% EWB bonus. Anytime the accumulation value earns interest, the EWB value earns enhanced interest at a factor of 105%. For example, if your interest rate is 4%, your EWB value would earn 4.2% (4% x 105%).

See also  Who are ERGO travel insurance?

More Stories

Which types of settings does COVID-19 spread more easily?

InsuNews May 23, 2022

Can COVID-19 be transmitted from surfaces?

InsuNews May 23, 2022

What is the typical time to recover from COVID-19?

InsuNews May 23, 2022

You may have missed

Bad Underwriting Experience

InsuNews November 24, 2024
Britax One4Life *Slim* Recall for Issue with LATCH Weight Limit Info

Britax One4Life *Slim* Recall for Issue with LATCH Weight Limit Info

InsuNews November 24, 2024

Health economic value of postacute oral nutritional supplementation in older adult medical patients at risk for malnutrition

InsuNews November 24, 2024
Difference between commercial auto and fleet insurance

What Is Fleet Insurance and How It’s Different from Commercial Auto Insurance?

InsuNews November 23, 2024
hilary-paul-lgt-ils-partners

More ILS M&A consolidation expected in the near term: LGT ILS Partners’ Paul

InsuNews November 23, 2024