Income rider: the income base is not cash

An income rider can provide lifetime withdrawals if its rules are followed. Excess withdrawals can reduce or end the guarantee. Its benefit base is not cash.

1. 1.

   Swap in your client and the product's full name. Paste this in a chat with Annuities Genius.

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   Using Annuities Genius: my client is 64, lives in Wisconsin and has $150,000 of non-qualified money. She wants income for life from age 67, single life. Look up [paste the product's name] and its income rider. Do not run a quote. Explain three things, one sentence each. First, the rider fee and what it is charged on. Second, how the income base grows. Third, why she cannot take the income base as cash. The details will not say this, so explain it in general terms. Say "check the brochure" for anything else the details lack.

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2. 2.

   Compare the answer with the rider details: fee, what it is charged on and how the base grows.

   You're done when you can say what the fee is charged on and why the income base is not cash.