If you’d like to have a guaranteed income for life, you can select that optional income rider as well. When you do this, you’ll have two accounts that compete with each other: (1) a base account that accumulates as the stock market grows and locks in its returns each year, as we described earlier; and (2) an income account where, depending upon the issuing insurance company, you’ll have a guaranteed rate of return or a combination of a guarantee and market performance. To your benefit, the income you’ll receive will be based on whichever account is larger at the time you decide you want the
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