The Complete Guide to Investing in Annuities: How to Earn High Rates of Return Safely by Matthew G. Young

Author:Matthew G. Young
Language: eng
Format: epub
Tags: annuity, investment, high return, financial, risks. retirement, planning, portfolio
Publisher: Atlantic Publishing
Published: 2012-01-30T00:00:00+00:00

Chapter 8: Product Features

Annuities are designed to fulfill a specific function: maximizing your income throughout your retirement and, if desired, for the rest of your life. This is the first and foremost thing you should look for when selecting which product works best for you. Annuities do not have to be just this, however. There are other functions they can fulfill so you may have the retirement you dream of. This chapter will discuss the riders you can add to annuities. A rider is a feature of an annuity, or any other insurance product, that is added on to a policy, sometimes for an additional fee. This is an extra of sorts; it is not part of the original policy. Not all riders will be available for all annuities. Insurance companies can customize their products and the corresponding features as long as they conform to their state’s insurance laws. For example, you may not find an inflation protection rider and a market value adjustment rider on the same fixed annuity contract. Although there are many choices and many variations of those choices out there, the major riders you should be aware of can be found within this chapter.

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