Income Riders Explained
There are several different kinds of annuity products available as well as a la carte options to customize your contract …
Lifetime Income Benefits
What is a Lifetime Income Benefits Annuity?
The concept behind a Lifetime Income Benefit is simple. If you purchase a Lifetime Income Benefit Rider with your variable annuity, the insurance company guarantees a regular monthly, quarterly, or annual payment for your lifetime, even if your account balance goes to zero. For example, suppose you invest $100,000 in an annuity with a 5 percent lifetime income benefit rider. The insurance company guarantees that you can withdraw $5,000 per year for the rest of your life, even if your account balance is zero.
ANNUITY FYI’S TOP LIB ANNUITY RIDERS
| Company | Product Name |
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HDi |
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GLWB |
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Retirement Income Choice |
| Click Here for Complete List… | |
FROM OUR BLOG
Leading Annuity Provider Updates Products
According to a recent press release, leading financial services company, AXA Equitable Life has just released an enhanced version of …
Security, Safety Lead to More Record Breaking Annuity Sales
First quarter annuity sales numbers are in, and once again record highs have been reported. Some financial experts are suggesting …
ARTICLES & GUIDES
Investor’s Guide To Lifetime Benefits
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