Sentences with phrase «as guaranteed lifetime withdrawal benefit»
ForeIncome goes beyond the traditional interest crediting and protection benefits of a basic fixed index annuity, offering the features of a traditional fixed index annuity along with an available income benefit known as Guaranteed Lifetime Withdrawal Benefit (GLWB).
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Product development last year was muted as low interest rates made it difficult for companies to tweak lifetime guarantee withdrawals, step up benefits and the adjust fees charged by insurers.