What is an income rider? An income rider is a lifetime income guarantee added to either an indexed or variable annuity. Its main function is to avoid annuitization, allowing you to have greater control and flexibility without having to be locked into a payout that never ends. Regardless, the insurance company is obligated to pay
What are the fees and expenses with annuities? Before purchasing an annuity, be aware that insurance companies might deduct fees from the contract value but vary by product. Not all annuities are created the same way so make sure to inquire about these charges or the breakdown below based on each type.
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