Monday, May 05, 2008

 

Guaranteed Lifetime Income Rider: Hot-Seller on the Annuity Block

The magic of annuities is all in the riders. In fact, guaranteed living benefit (GLB) riders have been the driving force behind the record-setting variable annuity (VA) sales in 2007. It shouldn’t come as a surprise then that annuity providers have been rolling out one GLB rider after another including:

* Guaranteed Minimum Income Benefits (GMIB)
* Guaranteed Minimum Withdrawal Benefits (GMWB)
* Guaranteed Minimum Accumulation Benefits (GMAB)
* Guaranteed Payout Annuity Floors (GPAF)

Guaranteed Lifetime Income Rider: Hot-Seller on the Annuity Block
Source: Insurance News Net

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