In the annuity world, a rider is an optional enhancement to the benefits, protections and guarantees in your annuity contract.
They can help you customize your annuity to meet your individual needs or solve financial problems involving retirement income.
Here are some of the most popular riders for your annuity:
Guaranteed Lifetime Withdrawal Benefits (GLWB) вЂ” This rider, available on variable and fixed-index annuities, guarantees you the right to withdraw a certain percentage of the investment amount each year for as long as you live вЂ” even if the annuity contract value goes to zero. Riders to Add to Your Annuity