Riders are optional add-ons that annuity buyers can choose, usually at an extra cost. Two popular types of variable annuity ...

The reason to choose annuitization is for the payout to be a source of monthly income. Wealthy investors who use annuities as tax shelters will typically opt for other forms of distribution.

You then have more control. You could also annuitize the variable annuity in retirement. Annuitization is basically what happens when you give an insurance company a lump sum of money, and they ...

Once you enter this phase, also referred to as annuitization, you may be barred from withdrawing money from the account. The amount of income you receive from a variable annuity depends on ...

Annuitization is irrevocable ... Unlike life insurance, annuities aren’t subject to underwriting. So, there’s just one potential roadblock to a 1035 exchange. Most annuities levy a surrender ...

Note: Some variable annuities guarantee a return of premium, which means that all invested funds (minus fees) will be paid out during annuitization even if the underlying portfolio loses value.