GLWB

AcronymDefinition
GLWBGuaranteed Lifetime Withdrawal Benefit (retirement investing)
GLWBGwich'in Land and Water Board (Canada)
References in periodicals archive ?
GLWBs guarantee that the client will be able to withdraw a certain percentage of the value of his or her benefit base, which has been growing by a guaranteed amount over the course of the annuity's deferral period (the guarantee is commonly somewhere between 4 and 8 percent) for the client's lifetime.
Fixed Indexed Annuities to Dominate 2017 Annuity Marketplace
The SALB provides protection similar to that of the GLWB while adding flexibility with the various types of assets that can be protected.
6 guaranteed minimum living benefit riders
A GMWB is similar to a GLWB, but a stream of income is guaranteed for a specified period rather than for the lifetime of the contract owner or annuitant.
Income annuities in employer retirement plans
In order to reduce the complexity of the annuity and make it easier for participants to calculate what their retirement income would be, many product providers have scaled down the features for the institutional versions of their GLWB riders, Eng says.
The Sunny Side
The research also reveals that combining a FIA with a GLWB rider and traditional mutual fund drawdown strategy is more likely to sustain annual income throughout retirement than either (1) a traditional mutual fund withdrawal strategy alone or (2) a combination of a variable annuity with GLWB rider and a traditional mutual fund drawdown strategy.
Reversal of fortunes
Typically, a candidate for an annuity with a GLWB rider would be between 65 and 72, with enough income from other sources to cover most of their expected needs over the next 10 years, Lofton says.
Guaranteed Lifetime Withdrawal Benefits: here today ... gone tomorrow? GLWBs are popular with consumers, but variable annuity carriers are having a difficult time estimating those payouts far into the future in a low interest rate environment
In the light of the growing importance of this market, in this paper we present a pricing model and define a fair price for a GLWB in a market consistent manner.
Withdrawal strategy for guaranteed lifelong withdrawal benefit option
Although the GLWB guarantees an income stream that may appear similar to annuitization, there are substantial differences between withdrawals and annuitization.
Guaranteed minimum withdrawal benefit
Prudential Annuities, Prudential Financial's domestic annuity business, in January increased its Highest Daily Lifetime Five GLWB to Seven.
Annuity writers adding options
Unfortunately, many annuities with a GLWB can be complicated and expensive.
Schwab Launches Retirement Income Variable Annuity[TM], Expanding Retirement Income Solutions for Investors
The rollup component of the GLWB riders has been the subject of many recent changes, however.
Annuities
Year Surrender Premium Agent's GLWB GLWB PTP Charge Bonus Commission Rollup Charge Cap 2007 10 yrs.
Indexed annuity sales are killin' it
Acronyms browser ?
Full browser ?