What does GMAB stand for?

Some, like those with guaranteed minimum accumulation benefits guarantee that the account value will not be lower than the amount invested at some future time.

Guaranteed minimum accumulation benefit is an equity risk," Raiford said.

2% compounding annual roll-up benefit), RightTime(SM) (an option to buy the rider at issue or at a later date), SecurePay ME([R]) (an option that may result in higher annual withdrawal amounts for clients with qualifying medical conditions), SecurePay NH(SM) (a feature which can provide increased annual withdrawal amounts for qualifying clients who are confined to a nursing care facility) and a Guaranteed Minimum Accumulation Benefit (which offers clients an additional safety net in the form of a "return of purchase payments" guarantee).

2% Compound Roll-up and Guaranteed Minimum Accumulation Benefit Options BIRMINGHAM, Ala.

Thrivent Financial for Lutherans' new variable annuity offers a nonrolling surrender period, an optional guaranteed minimum accumulation benefit (GMAB), and three optional enhanced death benefits.

The company also added three new guaranteed minimum withdrawal benefits, a guaranteed minimum accumulation benefit and several new investment options to its line of variable annuities.

Additionally, Jackson added four new portfolios subadvised by Mellon Capital Management, its first guaranteed minimum accumulation benefit and three new guaranteed minimum withdrawal benefits to its variable annuities.

Phoenix's annuities provide a full spectrum of death benefit options and living benefit riders, including a guaranteed minimum income benefit (GMIB), guaranteed minimum accumulation benefit (GMAB) and guaranteed minimum withdrawal benefit (GMWB).