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 |
 | HDi |
 | GLWB |
 | Retirement Income Choice |
| Click Here for Complete List… | |
FROM OUR BLOG
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ARTICLES & GUIDES
Investor’s Guide To Lifetime Benefits
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