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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
October 05, 2004 at 08:00 PM
NU Online News Service, Oct. 5, 2004, 5:42 p.m. EDT
Jackson National Life Insurance Company, Lansing, Mich., has added the LifeGuard4 and LifeGuard5 guaranteed minimum withdrawal benefits to its variable annuity contracts.[@@]
The GMWB options give purchasers the ability to recover their entire principal in the form of systematic withdrawals over a number of years, even if the value of their contracts decrease, Jackson National says.
The options also allow investors to continue taking partial withdrawals as long as they live, as long as withdrawals do not exceed specified limits in any given year, Jackson National says.
If, after 5 years, the contract value is greater than a specified minimum “withdrawal balance,” investors can increase the minimum withdrawal balance to equal the current contract value, Jackson National says.
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