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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.

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ANNUITY FYI’S TOP LIB ANNUITY RIDERS

Company Product Name
prudential_logo HDi
pacific_life GLWB
transamerica_logo Retirement Income Choice
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ARTICLES & GUIDES

Investor’s Guide To Lifetime Benefits

Investor’s Guide To Lifetime Benefits

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Lifetime Income Benefit Tutorial in 7 Easy Steps

LIB Tutorial in 7 Easy Steps

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