FAQs - InjAnnuity Inc.
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  • FAQs
    • Why InjAnnuity?
    • What can this website do for me?
    • What do Insurance Companies prefer that I don't get to know about?
    • What are the different types of Deferred Annuities supported by this Website? >
      • What is a "Fixed" Deferred Annuity?
      • What is a Fixed Indexed / Equity Indexed Annuity?
      • What is a Variable Annuity?
    • What Kind of Options can I exercise? >
      • What are Guaranteed Lifetime Benefits (GLIBs)? >
        • What is a Guaranteed Minimum Income Benefit (GMIB)?
        • What is a Guaranteed Minimum Accumulation Benefit (GMAB)?
        • What is a Guaranteed Minimum Withdrawal Benefit (GMWB)?
        • What is a Guaranteed Life Withdrawal Benefit (GLWB)?
        • What is the difference between an Annuitization and a GLWB or GMWB?
      • What is a contract's Surrender Value?
      • What are Free Withdrawals (also called Charge-Free Withdrawals)?
      • What is Annuitization?
      • What is a Rider?
    • Is a DA a good buy?
    • More Q&A >
      • Why is it called "Deferred"?
      • What is an "Account Value" (or "Accumulation Fund")?
      • What is a "Shadow Fund"?
      • What are "Surrender Charges"?
      • PV-Discounts
    • Longevity
    • Variable Tutorial
    • YouTube Playlist
  • Related Sites
    • DARMA™
    • Integrated Actuarial Systems, Inc
    • Corporate Risk Compliance, Inc.
What is a Rider?
Q: What is a Rider?
A: An additional (optional) Insurance feature for your Contract (Policy). Because such features can only modify ("ride on") an existing Contract, they are called "Riders".

Examples of Riders:
  • Guaranteed Minimum Death Benefit
  • Guaranteed Life Income Benefit

How you pay for the Rider will depend on the details of Rider. There may be a flat charge up-front. More commonly, the Insurance Company will regularly charge you a (small) fraction of your Account Value.

"Rider" usually means "optional". But an Insurance Company may "bundle" some Riders and a Policy into a "standard package". This doesn't guarantee a lower overall cost. It may mean that you can't opt out of the Rider at a later date.

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  • Home
  • FAQs
    • Why InjAnnuity?
    • What can this website do for me?
    • What do Insurance Companies prefer that I don't get to know about?
    • What are the different types of Deferred Annuities supported by this Website? >
      • What is a "Fixed" Deferred Annuity?
      • What is a Fixed Indexed / Equity Indexed Annuity?
      • What is a Variable Annuity?
    • What Kind of Options can I exercise? >
      • What are Guaranteed Lifetime Benefits (GLIBs)? >
        • What is a Guaranteed Minimum Income Benefit (GMIB)?
        • What is a Guaranteed Minimum Accumulation Benefit (GMAB)?
        • What is a Guaranteed Minimum Withdrawal Benefit (GMWB)?
        • What is a Guaranteed Life Withdrawal Benefit (GLWB)?
        • What is the difference between an Annuitization and a GLWB or GMWB?
      • What is a contract's Surrender Value?
      • What are Free Withdrawals (also called Charge-Free Withdrawals)?
      • What is Annuitization?
      • What is a Rider?
    • Is a DA a good buy?
    • More Q&A >
      • Why is it called "Deferred"?
      • What is an "Account Value" (or "Accumulation Fund")?
      • What is a "Shadow Fund"?
      • What are "Surrender Charges"?
      • PV-Discounts
    • Longevity
    • Variable Tutorial
    • YouTube Playlist
  • Related Sites
    • DARMA™
    • Integrated Actuarial Systems, Inc
    • Corporate Risk Compliance, Inc.