The "Guaranteed Minimum Accumulation Benefit" (GMAB) is a protective feature often associated with variable annuities. It ensures that the policyholder's account value will be at least a specified amount after a predetermined number of years, regardless of market performance.
The "Guaranteed Minimum Accumulation Benefit" (GMAB) is a protective feature often associated with variable annuities. It ensures that the policyholder's account value will be at least a specified amount after a predetermined number of years, regardless of market performance.
Essentially, GMAB acts as a safety net, promising that even if the investments within the annuity underperform, the annuitant will receive no less than the guaranteed amount at the end of the accumulation phase.
This guarantee offers peace of mind to investors who are concerned about market volatility.
The "Guaranteed Minimum Accumulation Benefit" (GMAB) is a protective feature often associated with variable annuities. It ensures that the policyholder's account value will be at least a specified amount after a predetermined number of years, regardless of market performance.
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