That strain has made it difficult for insurers to support certain policy guarantees, especially the very popular living benefit guarantees such as the guaranteed lifetime withdrawal benefit and guaranteed minimum income benefit options. (insurancenewsnet.com)
And I think that probably the simplest and easiest way to do that is to have some form of guaranteed minimum income. (canadianbusiness.com)
Annuitization rates on policies with guaranteed minimum income benefit (GMIB) riders continue to decrease. (insurancenewsnet.com)