An annuity rider is an optional feature or add-on to an annuity contract that offers additional benefits or protections to the annuity holder. An annuity is a financial product that provides a regular stream of income payments in exchange for a lump-sum payment or a series of payments made over time.

Annuity riders can be added at the time of the initial annuity contract purchase and exercised at a later date.  Some common types of annuity riders include:

1. Guaranteed Minimum Income Benefit (GMIB) Rider: This rider guarantees that the annuity holder will receive a minimum level of income, regardless of the performance of the underlying investments.

2. Guaranteed Minimum Withdrawal Benefit (GMWB) Rider: This rider guarantees a minimum amount of withdrawals that can be made from the annuity, regardless of the performance of the underlying investments.

3. Death Benefit Rider: This rider guarantees that a specific amount of money will be paid to the annuity holder's beneficiaries upon their death.

4. Long-Term Care Rider: This rider provides additional benefits in case the annuity holder requires long-term care, such as nursing home or assisted living facility expenses.

5. Inflation-Protected Rider: This rider adjusts the annuity payments for inflation to help the annuity holder keep pace with rising costs.

Annuity riders can add value and flexibility to an annuity contract, but they can also add costs. Before purchasing an annuity rider, it is important to carefully review the terms and conditions of the rider, and to determine whether the added benefits are worth the extra cost.

Elizabeth Peraza can help to choose the right one for you and your needs,