Guaranteed withdrawal benefit riders and lifetime income riders are features offered with some variable annuity contracts - and they can be quite appealing because they do just that; they guarantee lifetime income. (thebalance.com)
Personal Income Benefit ℠ is an optional guaranteed withdrawal benefit, available for an additional charge, that can provide lifetime income payments (us.axa.com)
In addition, some index - linked annuities provide opportunities to protect a portion of the annuity's account value, while variable annuities with a guaranteed withdrawal benefit feature can protect the amount of a person's future income. (brighthousefinancial.com)