The advisor resources arm of Monumental Life Insurance Company has rolled out the Architect variable annuity rider.
The Architect rider option offers a guaranteed lifetime withdrawal benefit, according to Monumental, Cedar Rapids, Iowa, a subsidiary of AEGON N.V., The Hague, Netherlands.
Monumental will be selling the rider with the Advisor’s Edge Variable Annuity contract.
The contract is designed for sale through registered investment advisors. Purchasers pay no up-front sales charges.
Clients can use the rider to protect VA contracts with a maximum of 50%, 60% or 70% of assets allocated to stock funds.