An extra guaranteed income stream may sound very attractive to potential annuity buyers, but few brokers outline all the facts. Stan Haithcock of explains what to look for if you're considering this benefit.
The hottest and most controversial topic in the annuity industry today is the Income Rider.
What is an Income Rider? It is an optional benefit that can be attached to an annuity for an additional annual fee, and will provide a lifetime income stream that you can turn on in the future.
Some Income Riders grow at a contractually guaranteed rate that will compound during the deferral years for future lifetime income. Other Income Riders lock in market gains that can be used for future lifetime income. Sounds great in theory, huh? Well, it can be...if utilized properly.

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