Great explanation, I have learned so much from your whole life videos, cannot wait for your Annuity ones. Is the income annuity a product by itself or does it have the lifetime income benefit rider attached to it? If so, what does that rider work/do. I have also heard that at one point, if you pass away you cannot leave whatever is left to your beneficiaries, is that for all annuities? Thx
Great explanation, I have learned so much from your whole life videos, cannot wait for your Annuity ones.
Is the income annuity a product by itself or does it have the lifetime income benefit rider attached to it? If so, what does that rider work/do. I have also heard that at one point, if you pass away you cannot leave whatever is left to your beneficiaries, is that for all annuities? Thx
The longer you wait to take income for an income annuity the more guaranteed income you can make? Is that generally the rule of thumb
Correct! 👍 this is usually the case 🙂