Support When California Clients Face Nursing Home Expenses

July 28, 2026

When clients face the unexpected costs of home care, assisted living services or nursing home care, having options to access their annuity funds can make a meaningful difference. 

Our Nursing Home Confinement Benefit Waiver of Surrender Charge Rider* provides added flexibility by allowing clients to access annuity funds without surrender charges when qualifying care conditions are met. Available on all of The Standard’s MYGA and FIAs in California, this rider can help support clients when care-related expenses arise.

Here's how it works:

After the first contract year, clients may request a partial or full surrender without surrender charges if a Physician, Registered Nurse or Licensed Social Worker certifies that they are:

  • Receiving Home Care or Community-Based Services
  • Confined in a Nursing Care Facility
  • Confined in a Residential Care Facility, such as an assisted living community

To qualify, care services or confinement must begin after the rider effective date and continue for at least 30 consecutive days before the surrender request. Review the contract for full rider details.

When discussing fixed annuity solutions with California clients, this rider can provide an additional source of flexibility for those concerned about potential nursing home, assisted living or home care expenses in the future.

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