One of the most powerful uses of an annuity is generating income you cannot outlive. With a Guaranteed Lifetime Withdrawal Benefit (GLWB) rider, your annuity can pay you a set income every year for life — even if your account value drops to zero.
How Lifetime Income Riders Work
You accumulate an “income base” — typically growing at a guaranteed rate (e.g., 6–8% per year) regardless of market performance. At retirement, you activate the rider and receive a percentage of that income base as annual income for life.
GLWB vs. Annuitization
Unlike traditional annuitization (which permanently surrenders your principal to the insurer), a GLWB allows you to keep control of your contract value while still receiving guaranteed income. Your heirs can inherit any remaining contract value.
Is a Retirement Income Annuity Right for You?
- You want guaranteed income to cover essential expenses in retirement
- You’re concerned about outliving your savings
- You want to reduce reliance on Social Security alone
Call us at 1-888-972-0024 to run a personalized income illustration from top carriers.