Guaranteed Lifetime Withdrawal Benefit

Guaranteed Lifetime Withdrawal Benefit

by Richard C. Wilson & Family Offices Group Association Team

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 regular annuity distribution payments) result in penalty fees. This rider allows a minimum percentage to be liquidated without penalties during the accumulation phase, while the annuity account remains intact.

Download our free Family Office Report to learn more about the family office industry.

Read more Family Office Definitions

Tags: What is guaranteed lifetime withdrawal benefit?, guaranteed lifetime withdrawal benefit definition, guaranteed lifetime withdrawal benefit family office, guaranteed lifetime withdrawal benefit term, define guaranteed lifetime withdrawal benefit, guaranteed lifetime withdrawal benefit wealth management, guaranteed lifetime withdrawal benefit multi-family office, guaranteed lifetime withdrawal benefit single family office

Leave Your Response

* Name, Email, Comment are Required

We run the Family Offices Group, the #1 largest family office association with 84,000+ global members. We offer live events, a bestselling book, Webinars, a family office database, and a family office training & certificate program called the Qualified Family Office Professional (QFOP). To get to know us please watch this 2 minute video, and contact us any time during pacific business hours by calling (212) 729-5067 or emailing us at

Free Family Office Report (PDF)

Contact Details for 1,000 Family Offices in Excel