Guaranteed Earning Increase Death Benefit

Guaranteed Earning Increase Death Benefit

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Guaranteed Earning Increase Death Benefit

Guaranteed Earning Increase Death Benefit definition:  When the annuity account holder dies before receiving any payments, the guaranteed earning increase death benefit pays the beneficiary the higher of either the most recent statement amount or the initial investment plus an agreed upon additional amount.

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