How Do Fixed Income Annuities Work? 
The net interest and mortality crediting rate are the two main components for fixed income annuities . The annuity income rider generally charges an expense load which is factored , with few exceptions , on the phantom income account and not the actual cash value account . This can make the income rider charge very pricey . There is a list of annuity income riders that include the charges and whether or not its tied to the phantom or actual account . 