007: What is an Income Rider?
- Author
- The Annuity Man
- Published
- Tue 15 Oct 2019
- Episode Link
- http://TheAnnuityMan.com
In this episode, The Annuity Man discusses:
- What is an Income Rider and how it works
- The benefits and limitations of Income Riders
- How Income Riders can be part of your “Income Floor” guarantees
- Misleading Income Rider sales pitches to watch out for
Key Takeaways:
- Income Rider values are used to calculate your lifetime income payment amount
- High % Income Rider growth is not real yield
- Income Rider amounts are not liquid, and cannot be transferred
- Income Riders can be attached to an indexed or variable annuity at the time of application
"Attaching an Income Rider to a policy guarantees a lifetime income stream at a future date you choose." — The Annuity Man
Connect with The Annuity Man:
Website: TheAnnuityMan.com
Email: [email protected]
Book: Income Rider Owner’s Manual
YouTube: Stan The Annuity Man
