Which rider provides payments without requiring full annuitization?

The Guarantee Income Rider is designed to provide a stream of income without necessitating the full annuitization of the contract. This rider guarantees a minimum level of income, which can be accessed during the accumulation phase of the annuity.

This feature is particularly advantageous for policyholders who want to receive regular income payments while retaining the flexibility of their investment, rather than committing their entire account balance to an annuity payout structure. It allows for both growth potential and income, making it an attractive option for those looking to balance their retirement income needs with ongoing investment growth.

Other riders, while beneficial in their own ways, do not offer the same features in terms of accessing income without full annuitization. The Death Benefit Rider mainly provides a payout upon the insured's death, the Return of Premium Rider ensures that the policyholder can reclaim their premiums if the policy is surrendered, and the Joint Life Rider pertains primarily to coverage for two lives but does not relate to the provision of income without annuitization.