Tuesday, January 02, 2007
Are GLWBs All They're Cracked Up To Be?
The guaranteed for life withdrawal benefit (GLWB) in variable annuities is being hailed as the answer to income needs in the retirement market. However, its limitations and suitability for satisfying consumer income needs (particularly when compared to life contingent payout annuities), need to be more fully understood, differentiated and disclosed. Otherwise, consumer, regulatory, and legal backlash are a real possibility.
Are GLWBs All They're Cracked Up To Be?
Source: National Underwriter (subscription required)
Are GLWBs All They're Cracked Up To Be?
Source: National Underwriter (subscription required)
Permalink posted by armandn @ 11:17 AM 
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