Income Rider Calculator

Fixed-Index Annuity Income Rider Calculator

The table below shows the fixed index annuity and income rider that has the highest guaranteed payments for a 60, 65 and 70 year old beginning immediately. You can use the calculator below to see how much an income rider would pay you based on when you begin taking income. 

The output is a real live quote using current annuity company rates; however, you will only see the payout. If you would like to see the entire illustration from the insurance company, please click learn more, complete the brief form, and we will get your quote to you within 4 business hours.

FIA Income Rider Monthly Payouts (Income Starting Now) Ages 60, 65, and 70 • Immediate lifetime income with rider
Last updated:
Age & Rider Carrier / Product Monthly Payout Assumptions & Fees Channel AM Best Rating
60 • EGMWB Level
F&G • Safe Income Advantage
Income Rider: EGMWB Level
 $2,858
1.15% rider fee • Assuming 2.09% credit from 1-Year S&P 500 PTP Cap
Income begins immediately FIA + Rider
Direct via My Annuity Store, Inc. A
65 • Bonus Income Rider (Single)
Nationwide • Peak 10
Bonus Income Rider (Single)
 $3,255
25% Income Base Bonus • 1% rider fee • Assuming 4.51% credit from 1-Year S&P 500 PTP Cap
Income begins immediately FIA + Rider
Direct via My Annuity Store, Inc. A+
70 • Bonus Income Rider (Single)
Nationwide • Peak 10
Bonus Income Rider (Single)
 $3,568
25% Income Base Bonus • 1% rider fee • Assuming 4.51% credit from 1-Year S&P 500 PTP Cap
Income begins immediately FIA + Rider
Direct via My Annuity Store, Inc. A+
Notes: These figures reflect fixed indexed annuities (FIA) with guaranteed lifetime income riders, with income starting immediately at the listed ages. Listed assumptions are for illustration of current crediting environments and rider charges; actual results may vary by state, purchase date, premium amount, and underwriting rules.
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The calculator below is connected to a live annuity rate feed. The quote is for a fixed index annuity with a lifetime income rider. Scroll down further if you are looking for a single premium immediate annuity.

Income Rider Case Study: Income Now vs. Later

Annuity Income Riders — Start Now or Wait to Age 70?

Male, age 65, $100,000 premium. Comparing guaranteed lifetime income via annuity income riders: turn income on immediately vs. defer to age 70.

Summary

Annuity income riders can convert protected savings into guaranteed lifetime income. Using your actual carrier illustrations, we compare two paths for a 65-year-old male funding $100,000: start income now or wait until age 70. Deferring generally raises the first-year payout and cumulative guarantees, provided you can cover cash-flow needs during the deferral years.

Key Takeaways

  • Waiting to age 70 increases the first-year guaranteed payout compared to starting at age 65.
  • Across these real cases, cumulative guaranteed withdrawals to age 95 are higher when deferring to 70.
  • Accumulation value is projected to deplete in the late 70s in both paths; lifetime income continues per rider guarantees.

Guaranteed Income Rider Comparison

Illustration-Based Results

Start Now: Age 65 Defer to Age 70
Scenario Carrier & Product Rider First Guaranteed Income Cumulative Withdrawals to Age 95 Accumulation Value Depletion Age
Start Income Now (Age 65)
Based on attached “begin immediately” illustration
F&G SecureIncome 7
Fidelity & Guaranty Life Insurance Company (A, A.M. Best)
 EGMWB Rider $7,840 $243,040 77
Nationwide Peak 10 (Most States)
Nationwide Life & Annuity Insurance Company (A+, A.M. Best)
 Bonus Income Rider (Single) $7,813 $242,188 77
Power Select Plus Income
Corebridge Financial Inc. (A, A.M. Best)
 Lifetime Income Plus Flex $7,600 $235,600 77
Start Income at Age 70
Based on attached “begin at 70” illustration
Eagle Select Income Focus 7
Eagle Life Insurance Company (A, A.M. Best)
 LIBR Option 1 $12,240 $318,240 77
Nationwide Peak 10 (Most States)
Nationwide Life & Annuity Insurance Company (A+, A.M. Best)
 Bonus Income Rider (Single) $11,988 $311,675 77
MarketEarly Income Index
EquiTrust Life Insurance Company (B++, A.M. Best)
 MarketEarly Income Rider $11,950 $310,693 78

Sources: Carrier illustration “Guaranteed Scenario” tables (page 2 of each PDF). Figures shown are guaranteed as illustrated and subject to each contract’s terms, rider fees, state availability, and the insurer’s claims‑paying ability. Not a recommendation or contract. FOR AGENT/PRODUCER USE ONLY.

What This Means for You

If you need income immediately at 65, the strongest first-year payout in this set is F&G at $7,840, with Nationwide close behind. If you can defer to age 70, Eagle Life shows the highest first-year payout at $12,240 and the highest cumulative to age 95. Either way, lifetime income continues even if the accumulation value depletes in the late 70s, addressing longevity and sequence risk.

Simple Decision Guide

  • Choose “Start Now” if you need guaranteed income immediately to cover essential expenses and value starting benefits over maximizing future payouts.
  • Choose “Start at 70” if you can fund ages 65–69 from other sources and want higher lifetime income potential and stronger cumulative guarantees.

FAQ: Annuity Income Riders

What is an annuity income rider?
It’s an optional feature that provides guaranteed lifetime withdrawals based on an income benefit base and age-based payout factors.
Do income riders cost extra?
Often, yes. Many charge an annual rider fee that reduces the account value; some designs embed the cost with trade-offs. Review each carrier’s disclosure.
Will income continue if account value reaches zero?
Under lifetime income riders, payments continue for life after depletion, per contract terms and the insurer’s claims-paying ability.
Is it better to start now or wait until age 70?
In your attached illustrations, deferring to 70 yields higher first-year and cumulative guaranteed income. The right choice depends on your cash-flow needs between 65–69 and your broader plan.

Disclosure: Figures above reflect guaranteed scenarios from carrier materials as of 10/20/2025 and may change. Guarantees rely on the issuing insurer’s claims-paying ability and contract terms. For Agent/Producer Use Only.

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