Guaranteed Lifetime Withdrawal Benefit
Definition
A guaranteed lifetime withdrawal benefit (GLWB) is a rider attached to a deferred annuity contract — most commonly a fixed
Advanced Life Deferred Annuity
Definition
An advanced life deferred annuity, or ALDA, is a deferred income annuity structured specifically as longevity insurance, characterized by
Guaranteed Minimum Accumulation Benefit
Definition
A guaranteed minimum accumulation benefit (GMAB) is a rider attached to a deferred annuity contract that guarantees the contract&