Jan 26, 2021
In this episode, The Annuity Man discusses:
- What an income rider is (and it isn’t an annuity).
- The income rider versus the accumulated value side of the calculation table.
- The flexible nature of income riders.
- Taking the annuity payments when you need the income and transferring the risk.
Key Takeaways:
- An income rider is an attachment to a contractual agreement, not an agreement itself.
- Deferred income annuities and income riders solve for income later, which is income down the road. The difference is just how they contractually get there.
- Upfront bonuses are not giveaways, they are part of the contractual guarantee - anything that seems too good to be true is.
- Interest rates play a secondary role - life expectancy drives the pricing train. Nobody knows where the interest rates will go.
"An income rider is a lifetime pension that is flexible." — Stan The Annuity Man
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