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On the Money with Secure Money: Episode 61
So, they created this thing called an income rider. Basically, what it does is it pays somebody an income stream for the rest of their life. But it costs money. Why would you pay money for something like this? Well, the benefit of paying the money for it is because if you’re taking that money out of the account, and the balance of that account goes to zero, while you’re still alive, the insurance company will continue to pay you the income.