Guaranteed Death Benefit for Annuity

Guaranteed Death Benefit for Annuity

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Guaranteed Death Benefit for Annuity

Guaranteed Death Benefit for Annuity definition:  When the annuity account holder dies before receiving any payments, the guaranteed death benefit pays the beneficiary the higher of either the initial investment amount or the most recent statement amount.

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