| Company & Name of LWB Rider |
Maximum Annual Withdrawal Amount |
Guaranteed Withdrawals Based on Greater of |
Annual Cost (single/joint) |
To Order a Free Information Kit |
Guaranteed Lifetime Withdrawal Benefit
(Rider) |
Ohio National's LWB rider offers a fairly standard 4-6%2 annual withdrawal for life. Withdrawals are based on a high, 8% annual simple interest growth for the 1st 10 contract years1, or the highest contract anniversary value.3
But what sets this rider apart from many other LWBs is that if you step-up to a higher anniversary value, the 8% annual growth opportunity restarts for another 10 years (most LWB riders only grow for 10 years) and will then be based on the new, higher stepped-up amount. As a result, your withdrawal base could be significantly higher than with other riders with higher rates but guaranteed for only 10 years. Contact an Annuity FYI Expert for examples.
|
0.95%
1.05% |
 |
Retirement Income Choice
(Rider) |
Transamerica's LWB rider offers a fairly standard 3.5-6%2 annual withdrawal for life, and withdrawals can be based on the greater of a fairly standard 5% annual compounded growth for the 1st 10 contract years1or automatic step-ups.3
There are two unique features of this LWB rider that we like. First, the automatic step-ups can occur monthly (most riders step up up annually). Second, for an additional rider fee, the withdrawal percentage doubles if annuitant or spouse is in a hospital or nursing facility for more than 180 days (restrictions apply -- see the prospectus or contact an Annuity FYI Expert).
|
0.40%-1.25%/0.40%-1.25% depending on asset allocation model |
|
LifeGuard Freedom 6
(Rider) |
This LWB rider offers a fairly standard 4-7%2 annual withdrawal for life, and withdrawals can be based on a the greater of a fairly standard 6% annual growth for the 1st 10 contract years1or the highest contract anniversary value.3 |
0.95%
1.25% |
|
 Lifetime Withdrawal Guarantee II (LWG II)
(Rider) |
MetLife's LWB rider offers a fairly standard 5-6%2 annual withdrawal for life.
While there is no guaranteed compounding, we like that withdrawals
can be based on annual step-ups until the 91st birthday.3 |
1.25%
1.50% |
|
 Lifetime Income Rider
(Rider) |
Nationwide's LWB rider offers a fairly standard 3-6.25%2 annual withdrawal for life.
We like that withdrawals are based on the greater of a high,10% annual simple interest growth for the 1st 10 contract years1, or the highest contract anniversary value.3 |
1.00%
1.20% |
|
HD6 Plus
(Rider) |
This LWB rider offers a fairly standard 4-6%2 annual withdrawal for life, and withdrawals can be based on the greater of a fairly standard 6% daily compounded growth1or automatic step-ups.3
We like that the automatic step-ups can occur daily if daily gains exceed 6% annualized (most riders step up annually). |
0.85%
0.95% |
|
Income Protector / Lifetime Income Plus (LIP)
(Rider) |
This LWB rider offers a fairly standard 3-7%2 annual withdrawal for life, and withdrawals can be based on a the greater of 6% daily compounded roll-up for the 1st 10 contract years1or the highest contract anniversary value.3 |
1.10%
1.30% |
|
Income Plus for Life
(Rider) |
This LWB rider offers a fairly standard 5% (4.75% if joint) annual withdrawal for life, and withdrawals can be based on a the greater of a fairly standard 5% annual growth for the 1st 10 contract years1prior to age 95 or the highest contract anniversary value.3
We like that the step-ups are offered through an advanced age of 95.
|
0.90%
0.90% |
|
Core Protect Advantage
(Rider) |
This LWB rider offers a fairly standard 5% annual withdrawal for life starting at age 65, and withdrawals can be based on a the greater of 5% annual simple growth for the 1st 10 contract years1or the highest contract anniversary value.3
 |
single only
1.05% |
|
Core Income Advantage 4/5
(Rider) |
This LWB rider offers a fairly standard 4-5% annual withdrawal for life starting at age 65, and withdrawals can be based on the highest contract anniversary value.3
While there is no guaranteed compounding, we like that this rider is offered at a very low cost.
|
single only
0.30% for 4%
0.60% for 5% |
|
