INCOME RIDER
Income Rider
Income Riders are attached to Fixed Index Annuities to provide contractually guaranteed lifetime income starting at a future date.
Quote the best A+ or better Income Rider contractual guarantees available.
Income Riders contractually guarantee payments for as long as you live, with income starting at a future date you choose.
Income Riders are attached to FIA (Fixed Index Annuities) for lifetime income guarantees starting at a future date.
We only focus on the Income Rider contractual guarantees and ignore the FIA part of the policy.
Use traditional IRA, Roth IRA, and Non-IRA accounts.
Set up single life or joint life with 100% of any unused money going to your listed beneficiaries.
If you need Income Later®, you might need an Income Rider
Know the key features and benefits of Income Rider contractual guarantees.
- Income Riders are attached to FIAs (Fixed Index Annuities)
- Income Rider annual fees are deducted from the FIA (Fixed Index Annuity) part of the policy
- Income Rider $$ amounts are a separate calculation from the FIA
- You can use Traditional IRA, Roth IRA, and Non-IRA account $$
- Lifetime Income payouts can be set up single life or joint life
- 100% of any unused $$ goes to the listed beneficiaries
- Only choose A+ or better annuity companies offering income rider guarantees
- Income Rider values are NOT backed by your State Guaranty Fund
- FIA (Fixed Index Annuity) non-guaranteed returns do NOT affect Income Rider guarantees
- Income Rider contractual guarantees are NOT affected by market volatility
- Income Riders are a flexible contractual solution for Income Later®
Don't be taken for a sales pitch ride. Know the facts about Income Riders.
The Income Rider Owner's Manual is a must read before you decide to purchase this lifetime income guarantee.
Dig into Stan's videos on Income Riders
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Income Rider questions you need to ask and know the answers
No. Income Riders “ride” on top of a policy. The highest contractual income guaranteed Income Riders are typically attached to Fixed Index Annuities, which we only use as a delivery system for the contractual income payments.
Because you own an annuity for the contractual guarantees only…for what it WILL DO…not what it might do. The Income Riders are the contractual guarantee. FIA returns are NOT contractual.
Yes. Those fees are taken out of the FIA side of the ledger, and NOT from the Income Rider contractual guarantees.
No. The Income Rider contractually guaranteed payments are NOT affected by the annual fee.
Simple answer is when you need the income. There is no “best time.” Remember that all lifetime income payments are primarily based on your life expectancy(s) at the time the income starts. The older you are, the higher the payments. Pretty simple stuff.
It can, but not always. I call upfront bonuses “candy for the stupid” because too many people (and agents) think it’s free money. We quote all income riders (A+ or better) with and without bonuses for the highest contractual guarantee.
No. Income Rider roll-up rates are monopoly money that can’t be cashed in or transferred. It’s only there to determine the first payment of the lifetime income stream and there is NO correlation that the highest roll-up rates create the highest payment.
No. Income Rider dollar amounts are NOT transferrable, and you can’t cash it in as well. It’s not real money.
No, even though that’s a common Fixed Index Annuity with Income Rider sales pitch. The annuity company drastically lowers the initial payment for any “promise” of an increase. The math just doesn’t work.
No. LTC is a health insurance product. Income Riders are attached to life insurance issued annuity products. This is a common misleading sales pitch.
All this means is when you get sicker, you get your money back quicker. It’s guaranteed issue and not something to focus on as a benefit even though it’s commonly over-hyped by agents.
Because you can’t transfer or cash in that Income Rider dollar amount. It can ONLY be used to calculate your first lifetime income payment.
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