In my previous article, I detailed how much income you can get from an immediate or deferred income annuity. This article will cover how much income a fixed indexed annuity with a lifetime income rider can produce.
A fixed indexed annuity is a type of deferred annuity that credits interest based on the changes to a market index, such as the Dow Jones Industrial Average or S&P 500. Interest is credited when the index value rises, but when it falls, you lose nothing.
