We live in a world where retiring at 65 with a company pension is no longer the norm. We require income generation and we require it with maximum flexibility. Guaranteed Minimum Withdrawal Benefits (GMWB) offer guaranteed income for life.
GMWB’s protect retirement investments against the downside of the market risk, by allowing you the right to withdraw a percentage of your investment annually. They provide guaranteed income base bonuses, automatic income resets, death and maturity benefit guarantees, competitive management and insurance fees, and can be offered through all investment vehicles.