Examples include lifetime guaranteed income riders, critical illness riders, riders that pay for care in event of two of six activities of daily living, and
guaranteed rollup death benefits.
Not exact matches
Much of this growth came from consumers buying FIAs with
guaranteed living withdrawal benefits (GLWBs), some with benefit base
rollups as high as 8 or 9 percent and withdrawal rates greater than those in variable annuities, the report said.
Regrettably, all too many of those buyers believe that, for that extra cost, they will earn a
guaranteed «investment return equal to the «
rollup rate» of the annuity.