Annuity Riders Explained | Financial Advisor Explains
Annuity Riders Explained | Financial Advisor Explains
Don breaks down the different riders you can have inside of your annuities. Contrary to popular opinion, not all annuities have guaranteed income or death benefits attached to them. Annuity riders are add ons to your annuity contract. The two most popular riders in annuities are Annuity Income Riders and Annuity Death Benefit Riders.
0:00 Intro
0:21 What is a Rider?
1:43 A Guarantee with Extra Charges
1:59 Income Riders
2:53 Base Money is Still Available
3:57 Why This is a Good Option
4:22 The Fee
4:57 All Income Riders are NOT Equal
5:57 Recommendation on Guaranteed Income Riders
7:17 Meet with an Independent Advisor
7:41 Death Benefit Riders
8:45 Risk that is Guaranteed for Beneficiaries
9:12 Some Annuities Have Multiple Riders
9:45 Fixed Accounts and Income Riders
9:57 Plan Ahead when Buying Riders
10:23 If You Own an Annuity, Call Your Company
11:41 Final Recommendation on Riders
11:59 For More Information & Disclosure