Another new Advisor VA rider, which Allstate calls the TrueReturn rider, guarantees that on a date chosen by the investor, the annuity will have a value no less than the value of the principal that the investor started with, even if the value of the investment has fallen below the guarantee amount.
Allstate also is offering an Income Protection Benefit Option with Advisor. The option provides the investor with a guaranteed minimum level of income for life. Investors can elect to add the benefit when they begin taking income from the annuity, for an added mortality and risk charge.
Still another new rider is a Spousal Protection Benefit, which provides a death benefit for both an individual retirement account owner and spouse as coannuitants under a single contract. Allstate is offering the benefit only with a traditional, Roth, simplified employee pension or custodial IRA.