Defined terms for the annuity market and lifetime income landscape.
A long-term care rider is a rider attached to a deferred annuity contract that provides enhanced access to the contract's value — typically through accelerated withdrawals, an increased withdrawal amount, or extended benefits beyond the account value — when the contract owner meets specified long-term-care eligibility criteria, in exchange for a separately disclosed annual rider charge or an explicit allocation within the contract's cost structure. Why it matters Long-term care ri
