7 More Family Office Resources:

• 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 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 Earning Increase Death Benefit 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 ...
• Annuities Family Office Definition: Annuities Annuities definition:  Annuities are insurance contracts that pay annual income for a specified number of years or lifetime of the policy holder. Beneficiaries of annuities receive benefits outside of probate. ...
• Charitable Remainder Annuity Trust Family Office Definition: Charitable Remainder Annuity Trust Charitable Remainder Annuity Trust definition:  (CRAT)  The beneficiary receives income from the trust for a specificied period of time (their lifetime or fixed term of less than ...