Q: What Kind of Options can I exercise?
A: It depends on the Contract. Some common Options include:
◊ Guaranteed Income Benefits:
◊ Charge-Free Withdrawals each year
◊ Riders for such things as Long-Term-Care, Mimimum Death Benefits etc.
A: It depends on the Contract. Some common Options include:
◊ Guaranteed Income Benefits:
- Guaranteed Lifetime Income Benefits (GLIBs)
- Guaranteed Lifetime Withdrawal Benefits ( GLWBs)
- Guaranteed Minimum Withdrawals Benefits (GMWBs)
- Annuitization (Immediate/Payout Annuity)
◊ Charge-Free Withdrawals each year
◊ Riders for such things as Long-Term-Care, Mimimum Death Benefits etc.
