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Morris Dell owns a variable annuity contract that contains a guaranteed lifetime withdrawal benefit ( GLWB ) . This benefit guarantees that a specified portion
Morris Dell owns a variable annuity contract that contains a guaranteed lifetime withdrawal benefit GLWB This benefit guarantees
that a specified portion of Mr Dell's annuity will be invested in a fixed account rather than in subaccounts
that Mr Dell can receive a minimum annuity payment amount annually based on the annuitization of the contract's benefit base
that Mr Dell can take annual withdrawals of a specified percentage of a protected value for life without annuitizing the contract
that the annuity contract's death benefit will be equal to the greater of either a the premiums paid, less any withdrawals or b the contract's accumulated value
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