{"id":5271,"date":"2022-05-04T19:39:00","date_gmt":"2022-05-04T19:39:00","guid":{"rendered":"https:\/\/www.annuityfyi.com\/?page_id=5271"},"modified":"2023-03-21T22:06:23","modified_gmt":"2023-03-21T22:06:23","slug":"lifetime-income-benefits","status":"publish","type":"page","link":"https:\/\/www.annuityfyi.com\/annuity-riders\/lifetime-income-benefits\/","title":{"rendered":"Lifetime Income Benefit"},"content":{"rendered":"
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What is a Lifetime Income Benefit Annuity?<\/strong><\/h2>\n\n\n\n

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.<\/p>\n\n\n

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