MGWB - What does MGWB stand for? The Free Dictionary
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benefit base accumulates by two percent plus the positive performance of the index, for up to ten years.
A cost structure designed to benefit participants by allowing them to pay for the MGWB guarantee only when assets are allocated to the contracts available through the portfolio.
The individual account value under each contract will fluctuate and may be worth more or less than the original amount allocated; however, any decreases in value due to market performance will not affect the MGWB guarantees of future retirement income.