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GMWB

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AcronymDefinition
GMWBGuaranteed Minimum Withdrawal Benefit


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Advisers seem more enthusiastic about the GMWB available with deferred variable annuities than they are about annuitization.
The Company continued to purchase long-dated customized put options designed to closely match the options sold to customers as variable annuity GMWB riders.
Clients may either choose the date to enact the step-up, or schedule a fixed date to automatically step-up every year with the GMWB.
 
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