7 More Family Office Resources:

• Guaranteed Death Benefit for Annuity 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 ...
• Guaranteed Minimum Withdrawal Benefit Family Office Definition: Guaranteed Minimum Withdrawal Benefit Guaranteed Minimum Withdrawal Benefit definition:  The guaranteed minimum withdrawal benefit is an optional rider for variable annuity contracts. Generally, elective withdrawals (outside of regular annuity distribution payments) ...
• Guaranteed Minimum Accumulation Benefit Family Office Definition: Guaranteed Minimum Accumulation Benefit Guaranteed Minimum Accumulation Benefit definition:  The guaranteed minimum accumulation benefit is an optional rider for variable annuity contracts.  Because the distributions from variable annuities are dependent on ...
• Guaranteed Minimum Income Benefit Family Office Definition: Guaranteed Minimum Income Benefit Guaranteed Minimum Income Benefit definition:  The guaranteed minimum income benefit is an optional rider for variable annuity contracts.  Because the distributions from variable annuities are dependent on ...
• Guaranteed Lifetime Withdrawal Benefit Family Office Definition: Guaranteed Lifetime Withdrawal Benefit Guaranteed Lifetime Withdrawal Benefit definition:  The guaranteed lifetime withdrawal benefit is an optional rider for variable annuity contracts in the accumulation phase. Generally, elective withdrawals (outside of ...
• Term Life Insurance Policy Family Office Definition: Term Life Insurance Policy Term Life Insurance Policy definition:  A term life insurance policy pays beneficiaries a guaranteed amount if the owner dies during the term of the insurance contract. The ...
• Transfer-On-Death Accounts Family Office Definition: Transfer-On-Death Accounts Transfer-On-Death Accounts definition:  Transfer-on-death accounts includes investment accounts (i.e. stocks, bonds, and mutual funds) and in some states, vehicles and real estate property. These assets can be transferred to ...