Overview
Variable annuities’ investment performance mirrors equity markets. To mitigate downside risks, contract owners use guaranteed living benefits (GLBs). This course details four common GLBs: guaranteed minimum accumulation, income, withdrawal, and lifetime withdrawal benefits. It covers their features, functions, and protections, and addresses the needs they meet and suitability issues.
Find this course for your license
License or Certification
Regulator
Type
Learning Objectives
- describe the types of guaranteed living benefits available to contract owners
- explain how insurers use a hypothetical benefit base to determine the amount of each guaranteed living benefit
- identify the concerns and suitability issues associated with the recommendation of a guaranteed living benefit
- describe the process by which a contract owner may access the various guaranteed living benefits
Designed For:
Life and health insurance producers and finance professionals
Course Information
Adding additional credit may change exam requirements.
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S1-31 - Framework