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What does GMWB stand for?

GMWB stands for Guaranteed Minimum Withdrawal Benefit

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

Ten years before the target date of the selected fund, the guaranteed minimum withdrawal benefit for life is automatically activated for an annual fee of 1% of the account value.
Features on the Ovation II GLWB rider include: * Six percent compound benefit base enhancement, one of the highest in the industry among guaranteed minimum withdrawal benefits available on B Class, non-group, open contracts as of 3/31/2012, according to Morningstar Annuity Research Center.
The scope of the survey covered four types of GLBs that are generally offered in the VA marketplace: Guaranteed Minimum Income Benefits (GMIB), Guaranteed Minimum Withdrawal Benefits (GMWB), Guaranteed Lifetime Withdrawal Benefits (GLWB), and Guaranteed Minimum Accumulation Benefits (GMAB).
CoreIncome Advantage, a guaranteed minimum withdrawal benefit for life, provides predictable retirement income regardless of market ups and downs.