JoeAnnuity
Expert
- 31
I think I already know the answer to this but are there any indexed or regular fixed annuities that have a lifetime income rider on them?
Thanks
Thanks
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Since you cannot outlive an Annuity in distribution phase, why would you need a lifetime income rider?
Well JOE?
post one that have a lifetime income rider
post two with a living benefit income rider
So do you have two different concepts here?
The first which I replied to sounds simply like the distribution phase where an annuity switches from accumulation to distribution.
Your second post, you change what you're asking for and now it sounds like it is part of a long term care rider.
What exactly, are you looking for? What does this rider do? Does it have two names or is it entirely possible you mis-posted in your first one?
Although in either case you could switch an annuity to distribution and have a stream of payouts to do anything with the money.
Is the rider you're talking about more to do with a long term care need?
And sorry I replied to what you posted, not what you were thinking.
I think I already know the answer to this but are there any indexed or regular fixed annuities that have a lifetime income rider on them?
Thanks
have to go back and brush up.
Quick question if this rider is guaranteeing a future payout level during the accumulation phase, what kind of premium is required to fund it? You can ballpark. thanks.
I think I already know the answer to this but are there any indexed or regular fixed annuities that have a lifetime income rider on them?
Thanks
have to go back and brush up.