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Section 7
other available Riders and Features
There are many other benefits and features that may be available in
an annuity. Some of these riders come standard with the contract,
while others are optional and must be added when you make the
initial investment. Most of the optional benefits have costs and
fees, so it’s important to know those costs before you add them to
your contract.
Common Riders and Features
Return of premium – This ensures that investors will get back
at least what they put into the account, through future periodic
withdrawals.
Free subaccount fund investment switches – Most variable
annuity contracts allow you to move money from one subaccount
to another without incurring a cost. These transfers may be made
at any time, but are usually limited to between 12 and 20 times a
year.
Systematic withdrawals – These allow you to decide the amount
of each payment and the schedule on which you want to receive
the income. Those payments continue until you stop them or
Chapter 4: Annuities
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