Creating Lifetime Income In Retirement

One of the biggest fears in retirement is running out of money. A guaranteed lifetime income rider on an annuity is designed to address exactly that — paying you (and optionally your spouse) a predictable income for life, even if the underlying account value is exhausted.

Income amounts are typically based on your age when you turn on income, how long you let the rider grow, and the specific product features. Guarantees are backed by the claims-paying ability of the issuing insurance company.

Used alongside Social Security and other income sources, a lifetime income rider can create a more predictable retirement paycheck.