Beacon Data Entry
Variable Annuity Features

Flexible Annuity Option Rider

Status: Active
Internal name:
Sequence: 1
Rider select rule: Mandatory
Participant based on: Owner
Inception date: 2024-03-19
Closed date:
States available:
State exceptions:
Notes:

The Flexible Annuity Option Rider allows contract owners age 80 and older to receive annuity payments sooner, based on the contract accumulation value. Available after the first contract year by electing annuity payments over 3 to 9 years. There is no additional cost for this rider.

Feature cases

Case name Current charge (%) Max charge (%) Owner age (min–max) Annuitant age (min–max)
Flexible Annuity Option Rider 0