Insurance glossary
What is GUARANTEED LIVING BENEFIT?
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 exists.
Insurance glossary
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 exists.