| indeeppigfarmer - 1/23/2018 18:13
I have a chunk of my IRA in one... It always has made me wonder what if the market tanked, like more than 50% and did not recover for 15-20 years. Heres how most contracts would work; Your account value would not go below your initial contribution unless You added an income rider or long term care rider, which the rider fee would be deducted from the account value. But at least the income rider would have increased at a stipulated guaranteed rate, at which time you could turn on the income riders substantially higher value into monthly income for life. In the absence of an income rider, at least your account value didn't take a major hit, like it would have if in the market. You could make systematic withdrawals, but in that circumstance I'd prolly recommend you annuitize it, as that would give you the biggest monthly check without worries about if your money will last for the rest of your life. What company is it, and which investment choice did you make?
Edited by Boone & Crockett 1/23/2018 18:49
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S&P 500
