Three life insurers announced living benefit riders for some of their annuities.
MetLife, New York, is making a lifetime withdrawal guarantee rider available for most of its variable annuities. The rider allows customers to withdraw up to 5% of their VA purchase payments for as long as they live, beginning as early as age 59 1/2.
American National Insurance Co., Galveston, Texas, announced an indexed annuity that offers a lifetime income rider.
The ANICO Strategy Indexed Annuity guarantees an income for life, even if the annuity value falls to zero.