tagged w/ Asset Allocation
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Over the past decade, variable annuities have increasingly been sold based on the “living benefit” (otherwise known as the Guaranteed Lifetime Withdrawal Benefit). The living benefit is a series of benefit configurations that allows investors to participate in the equity markets, while simultaneously acting as an option guarantee for their account performance—in their income account alone.
The most aggressive companies marketing these guarantees hold approximately 50% of the market in variable annuity sales. Obviously, these GLWBs are popular with advisors and consumers.Over the past decade, variable annuities have increasingly been sold based on the... more
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