Death Benefit Rider
Basic Death Benefit Rider: Most carriers will give the beneficiary of the account value when the annuitant passes.
Some insurance carries will have a death benefit rider that you can purchase. This will increase a phantom account value by 7-8% simple interest every year all the way until the end of their lives. Consequently, this is probably purchased because the owner or annuitant cannot purchase life insurance and does not need income from this acquired money.
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