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Tag Archive: How does the Guarantee Lifetime Income Rider Work

How A Guaranteed Lifetime Income Rider Adds Value to a Fixed Indexed Annuity

Keith L. Collins

A Fixed Indexed Annuity (FIA) is a retirement savings tool that complements other pension plans like 401(k)s, social security benefits, and individual retirement accounts (IRAs). Many insurance and indexed annuity companies that offer FIAs have come up with an annuity product feature that offers guaranteed lifetime payments to your account. This feature is called a Guaranteed Lifetime Income Rider (GLIR). Once you procure this annuity, you can receive guaranteed regular monthly income for the rest of your life. What is a Guaranteed Lifetime Income Rider?...

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