Guaranteed Living Benefits: Are They Worth It?

Olsen, John L.
June 2008
Journal of Financial Planning;Jun2008 Trends in Investing, Vol. 21, p12
Academic Journal
This article focuses on guaranteed living benefits (GLBs) in the financial services market. GLBs are for risk management and are provided by many variable deferred annuity contracts. A GLB may provide the policy owner more than the guaranteed living benefit amount or what is produced by the account. Topics include the guaranteed minimum income benefit, the guaranteed minimum withdrawal benefit, the guaranteed minimum accumulation benefit, restrictions of GLBs, and whether or not a GLB is an effective investment tactic.


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