Hi all,
National Western is introducing a fixed annuity with an income rider!
I haven't seen many of these in the market so I wanted to share the news.
What's interesting about this product is death benefit, so with most Income Riders, it takes money from the account value until it drops to zero. When you pass away, nothing goes to the beneficiary.
With this product, the death benefit will be whatever the starting account value was.
For example, you put in 100k. After 30 years and many years of payments, you pass away. The beneficiary will receive the FULL 100k over 5 years.
Source of insurance-forums.net
National Western is introducing a fixed annuity with an income rider!
I haven't seen many of these in the market so I wanted to share the news.
What's interesting about this product is death benefit, so with most Income Riders, it takes money from the account value until it drops to zero. When you pass away, nothing goes to the beneficiary.
With this product, the death benefit will be whatever the starting account value was.
For example, you put in 100k. After 30 years and many years of payments, you pass away. The beneficiary will receive the FULL 100k over 5 years.
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