Fact checked by Timothy Li Reviewed by David Kindness Living benefit riders have become an inescapable part of buying a ...

Annuities let you convert your savings into steady monthly payments that can last your lifetime, but come with high fees and ...

If, for example, you want to access more funds 10 years into your contract, you could face steep penalties. Unlike the set rate of a fixed annuity, variable annuities have variances tied to them.

for example, you might be required to pay a surrender charge that is typically between 5% and 7%. I understand that all these issues factor into the general fear of variable annuities — but as a ...

Variable annuity contracts can include other features, known as riders. For example, long-term care riders can help pay for assisted living expenses while income riders can guarantee a minimum ...

For example: For a person in the five years prior to or the five just after retiring, a variable annuity with income rider can protect them from sequence of returns risk. This 10-year period ...

But annuities can play a role in a wide variety of estate planning strategies, too. Here are four examples you may want to explore with your financial advisor: Marry a Variable Annuity with a Roth ...

At its core, a variable annuity is designed to provide a steady stream of income during retirement. But these financial products are more complex, costlier and riskier than other types of annuities.