An agent might confuse you by talking payout rates, withdrawal rates, or the income account value. Your rate of return is calculated based on the accumulation value, not the income value. It’s a fictional number which you can’t withdraw lump sum, transfer out, or live on the interest. The 7-9% refers to an income rider roll-up rate. You don’t earn a guaranteed 7%-9% return when CD’s, bonds, and fixed income earn less than 4%.
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