Do not charge fees except for extra benefits such as lifetime income riders and death benefit riders. (fiainsights.org)
Furthermore, deferred annuities have lifetime income riders which also guarantee an income stream when activated and some products have increasing income features to help with inflation. (pacificinsurancegroup.com)
Case in point: In banks, even when FIAs with lifetime income riders are available, fewer than 30 percent of FIAs sold in that channel have the rider attached, he said, citing LIMRA statistics. (insurancenewsnet.com)