Guaranteed Minimum Accumulation Benefit

Guaranteed Minimum Accumulation Benefit

by Richard C. Wilson & Family Offices Group Association Team

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 investment performance during the accumulation phase, this rider offers some protection of a minimum accumulated amount regardless of market performance.

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