Annuity Riders

Income Riders Explained

There are several different kinds of annuity products available as well as a la carte options to customize your contract to meet your unique needs. One of these additional options is the Income Rider, and despite its popularity, many are still confused about how this annuity benefit works. An Income Rider is not a stand alone product, but instead is an optional attachment to a deferred annuity at the time of application. They are usually purchased with variable annuities (VAs) and... Read More

New Nationwide Annuity Rider Designed for Growth Potential

Indexed annuity designer Annexus has done it again, this time partnering up with Nationwide to develop a new lifetime withdrawal feature. Consumers now have the option of combining the new feature, the Nationwide High Point 365 Lifetime Income Benefit rider, exclusively with the company’s New Heights indexed annuities.According to a recent article from ThinkAdvisor, the rider “guarantees that the amount used to calculate future income will be at least 110% of the purchase payment plus... Read More

Eliminate Risks With an Income Annuity

Are you struggling to earn income on your investments in today’s low-rate environment while maintaining a risk level you’re comfortable with? You are not alone. Most retirees are extremely interested in generating more income in retirement, but that can be difficult to do without taking more significant risks.  Let’s face it though, taking risks is not something many look to do with their money. What can you do? Here’s a look at one strategy, recently presented in an article from... Read More

Brighthouse Financial Updates Living Benefit Rider

In an effort to give financial advisors and their clients more investment flexibility, Brighthouse Financial Inc. has made some changes to its FlexChoice variable annuity living benefit rider. The update lets clients choose their own investment option asset allocations, according to a recent article from ThinkAdvisor. Previously, clients were required to allocate assets to risk-managed portfolios.Myles Lambert, chief distribution and marketing officer at Brighthouse, said the company... Read More

Lincoln Financial Reports 4th Qtr Gains

Fourth quarter numbers are in, and executives at Lincoln Financial are attributing strong annuity sales gains to efforts in improving annuity products and annuity distribution. According to a recent article from ThinkAdvisor, the company reported a 57% increase in fixed annuity sales, 54% increase for variable annuities, and a 62% increase for variable annuities with living benefits guarantees.The president of Lincoln Financial, which is based out of Radnor, Pennsylvania, said last week... Read More

Indexed Annuities Income Rider from Lincoln Financial

Despite disappointing second-quarter annuity sales, Lincoln Financial has launched a new income rider on three families of indexed annuities, signaling a confidence in the future of annuity products. According to a recent InsuranceNewsNet article, Lincoln’s i4LIFE Indexed Advantage rider is now available on their New Directions, OptiBlend, and OptiChoice FIAs, which are currently sold by commission-based advisors.“We believe that for most people there will come a time when they need to... Read More

Income Riders Help Make Fixed Annuities More Attractive

In recent trends, fixed indexed annuities (FIAs) have gained in popularity thanks to several attractive perks, including participation in market gains.  But with the new fiduciary rule from the Department of Labor, advisors who sell these products will have to comply with the best interest contract exemption (BICE), a burdensome task. Unlike indexed and variable annuities, however, fixed annuity products do not trigger BICE application, meaning that the advisor would not have to declare their... Read More

New Fixed Annuity Series from American Equity

One of the leading issuers of fixed index annuities has just announced a new product to their already competitive portfolio. According to a recent Yahoo!Finance article, American Equity Investment Life Insurance Company is offering the new RateShield fixed annuity series, which guarantees growth at a set interest rate to provide income in retirement. All of the new products are available with an optional lifetime income rider, the IncomeShield, which provides a lifelong revenue source to the... Read More

New Fixed Annuity Product from AIG

After a stellar 2016, American International Group (AIG) has just introduced a new seven-year fixed annuity with a lifetime income rider. According to a recent Retirement Income Journal article, Assured Edge Income Builder is issued by American General Life Insurance Company and is currently available in over 20 banks and broker-dealers, with more distribution coming in the near future.This new product, as with other fixed-rate annuities, does not require sellers to satisfy the Best... Read More

New FIA from Security Benefit

Whether it’s on travels, new hobbies or grandchildren, many newly retired Americans actively spend in the first ten years of retirement. In an effort to address this trend, Security Benefit Life Insurance Company (Security Benefit) has launched its new fixed index annuity (FIA), Select Benefit Annuity. This product offers contract-holders the ability to accelerate the amount of income withdrawn in the first decade of retirement, giving a little peace of mind, and boost in income, during this... Read More

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