Guaranteed Living Benefit



A guarantee in a variable annuity that a certain level of annuity payment will be maintained. Serves as a protection against investment risks. Several types exist.



"Guaranteed Living Benefit" In Context

"“As we noted last quarter, we are still seeing companies carefully manage the risks associated with guaranteed living benefit riders. As a result, VA sales dropped despite the 13 percent equity market gains in the first quarter,” said Joseph ..."

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