Reporter Donald Korn of Financial Planning magazine quotes wealth advisor Ben Barzideh in an article about variable and fixed index annuities with guaranteed lifetime withdrawal benefits, which have gained sales traction over the last year. Barzideh explains his preference and says, “Some GLWB riders guarantee lifetime income for the duration of one spouse’s life while others have a joint and survivor payout option. We like GLWB riders that allow for spousal continuation of the rider values if one spouse passes away.”
