What is the enhanced General Policy Relief?
(top) The enhanced General Policy Relief relates to policies categorized as in deferral, in annuitization, or fully annuitized as of the Final Settlement Date that also are 65-and-Over Contracts, meaning that each original owner of the policy when it was issued (or the annuitant of the policy if no original owner was a natural person) was at least 65 years of age when the policy was issued. The enhanced General Policy Relief will be available for an eligible 65-and-Over Contract only if its owner submitted a properly completed, signed, and authenticated Part I of the Election Form by U.S. mail with a postmark date no later than November 27, 2009. That deadline has now passed. The enhanced General Policy Relief for an eligible 65-and-Over Contract is the same as the basic General Policy Relief, except that the amount of the bonus may be higher, depending on two factors: (a) whether, and the extent to which the original owners remaining life expectancy exceeded the surrender charge perio
