Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The rider sometimes attached to a variable annuity policy that guarantees that account value will be worth a certain minimum amount after a specified period

The rider sometimes attached to a variable annuity policy that guarantees that account value will be worth a certain minimum amount after a specified period of time is

A. the guaranteed minimum accumulation benefit (GMAB) rider

b. the guaranteed minimum income benefit (GMIB) rider

c. the guaranteed minimum withdrawal benefit (GMWB) rider

d. the guaranteed lifetime withdrawal benefit (GLWB) rider

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions