Lesson 4 of 14 · Part 1 of 4

Read the rider: base, fee, doubler

Every income-rider row rests on a benefit base and a payout percentage set by the contract. Find both, then any rider charge and what it is charged on.

Do it in Genius

Income rider calculator row ⋮ Annuity info Riders

Practice Client, 3 Nov 2026: one rider card says "Fee based on benefit base: 1.20% annually" and a simple 10% roll-up.

Rates change every day, so yours will differ.

Open Income rider calculator in Genius

In the app: Calculators → Income rider calculator

The Riders tab of Annuity info: a rider card with its roll-up rate, rollup period, fee and rider features.

1.
On any row, click the three dots, then Annuity info, then Riders.

Doubler

Pays double income for a set time if the client cannot do daily tasks such as bathing or dressing. It is not long-term care insurance.

Example: Enhanced payments double income for up to 5 years if the client cannot do 2 or more daily activities. That is the doubler. Read the conditions.
- Care costs: the doubler in full
2.
Find the fee line, here Fee based on benefit base. Note the percent and what it is charged on.

Rider charge

Usually a yearly charge for the income rider. It can be a percent of the benefit base, the account or the premium.

Benefit Base

Also income base. The number the income is worked out from. Not cash the client can take.

1.20% a year of the base, not the deposit. For dollars, multiply by the same row's base in step 4.
- See a rider fee in dollars as the account falls
3.
Income is the benefit base times the payout percentage. The roll-up grows only the base. Step 4 shows both.

Roll-up

How fast the benefit base grows while the client waits. It is not money the client earns.

Withdrawal Percentage

Also called the payout percentage: the factor the contract applies to the benefit base to get yearly income. It follows age at first withdrawal and single or joint cover.

The payout percentage is not the roll-up rate. The app shows a simple roll-up here. Compound? Check the contract.
- Compare two contracts
4.

Click the three dots again and open Deferral snapshot. Read the base times the Withdrawal Percentage, not the Income/Premium Ratio.

Example from the unfiltered list: a $213,000 base times a 10.60% withdrawal percentage is $22,578 a year at 70. The percentage steps up with age.

You're done when you can say the benefit base and the payout percentage. Say if a rider charge applies and what it is based on. I did this

Watch out: A bigger base is not more cash. A roll-up grows a number used to work out income. It is generally not money the client can withdraw. Take the payout percentage from the contract's own table: it need not rise with every year the client waits.

Sources