Index Annuities that Grow at 7.2% for 20 Years?

How do these index annuities that grow at 7.2% for 20 years work once you get to the 20 year mark? What kind of percentage do you get for income payments from that point on? 4%? 5%? 6%? And what if anything is left for beneficiaries if you die after 20 years? :1baffled:
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