A lifetime income benefit rider allows you to take lifetime income from your indexed annuity without losing control of your retirement assets. Income riders are designed to provide safety of investment, predictability, guarantees, lifetime income and financial clarity to people who are worried about running out of money in retirement. At the time of annuity purchase, insurance companies will offer you the option to add an income rider to the policy. This is possible because the lifetime income is in the form of regular withdrawals from your annuity rather than annuitized payments. Most income riders will guarantee a set amount of growth each year for the life of the contract which is determined by multiplying your income account value by a guaranteed income percentage. The guaranteed income percentage is based upon your age at the time you elect payments.