Variable Annuities and the Guaranteed Minimum Payment Rider
People invest in variable annuities for many reasons including the tax-deferral of earnings, the ability to name beneficiaries and avoid probate, the growth potential of the managed sub-accounts and potentially the death benefit. Then whenever they are ready to withdraw an income from their annuity, they have the opportunity to select lifetime income payments. However, with a variable annuity you [...]
Categories: variable annuities Tags: gmp, guaranteed minimum payment, guaranteed minimum payout
