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Bankers Life Introduces Enhanced Death Benefit Rider for Guaranteed Lifetime Income Annuity and Guaranteed Lifetime Income Annuity Plus
Bankers Life, a national life and health insurance brand that focuses on the insurance needs of Americans who are near or in retirement, today announced the launch of its Enhanced Death Benefit (EDB) Rider, a new optional rider available that complements Lifetime Income Withdrawals (LIWs) with an enhanced death benefit for designated beneficiaries.
About this update from Cno Financial Group, Inc.
[{"type":"text","content":"CARMEL, Ind., March 4, 2026 /PRNewswire/ -- Bankers Life, a national life and health insurance brand that focuses on the insurance needs of Americans who are near or in retirement, today announced the launch of its Enhanced Death Benefit (EDB) Rider, a new optional rider available that complements Lifetime Income Withdrawals (LIWs) with an enhanced death benefit for designated beneficiaries.","length":399,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Bankers Life)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Bankers Life)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":111,"url":"https://media.zenfs.com/en/prnewswire.com/cfdd16da04aa58a1aef0f1953e2931b2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cZaBZqdnc8KyesmMUcE5uQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/cfdd16da04aa58a1aef0f1953e2931b2","width":400,"height":111}},"href":"https://mma.prnewswire.com/media/553499/Bankers_Life_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The EDB Rider is now available in 48 states and Washington, D.C., and can be added to single-life Guaranteed Lifetime Income Annuity (GLIA) and Guaranteed Lifetime Income Annuity Plus (GLIA Plus) products.","length":205,"tagName":"p"},{"type":"text","content":""We consistently hear from clients who want the confidence of guaranteed lifetime income, but hesitate to start taking income because they worry about what they will leave behind for loved ones," said Scott Goldberg, President, Consumer Division at CNO Financial Group. "The Enhanced Death Benefit Rider was built to resolve that concern, providing dependable retirement income while preserving the ability to leave a meaningful legacy. At a time when middle‑income Americans are increasingly concerned about their financial future, this rider helps people confidently use their income today without compromising peace of mind about tomorrow."","length":663,"tagName":"p"},{"type":"text","content":"The EDB Rider is available at the time of annuity purchase for single‑life GLIA and GLIA Plus products. Designed for clients taking LIWs or Required Minimum Distributions, the rider may provide a greater benefit than a base GLIA or GLIA Plus policy—helping ensure that their annuity includes a meaningfu...