7 More Family Office Resources:

• Guaranteed Lifetime Withdrawal Benefit 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 ...
• 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 ...
• Required Minimum Distributions Family Office Definition: Required Minimum Distributions Required Minimum Distributions definition:  Required minimum distributions are calculated (using fair market value and life expectancy) and applied to the owners of traditional, SEP, and SIMPLE IRAs at ...
• 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. ...