Beacon Data Entry
Variable Annuity Traditional Guaranteed Minimum Income Benefit
TG
● Terminated

Traditional Guaranteed Minimum Income Benefit

Modified about 16 years ago
DTCC ID
RIDER TYPE GMIB
COMPANY
INCEPTION
Name
Traditional Guaranteed Minimum Income Benefit
Internal name
Traditional Guaranteed Minimum Income Benefit
Company
Rider type
GMIB
DTCC Rider ID
Product policy type
Status
● Terminated
Inception date
Closed date
May 01, 2010

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options, depending upon selected annuity option. Benefit base is equal to total purchase payments adjusted for withdrawals. GMIB Payments are not available under partial annuitization.