Guaranteed Minimum Income Benefit

Guaranteed Minimum Income Benefit

by Richard C. Wilson & Family Offices Group Association Team

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

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