Guaranteed Living Benefits for Variable Annuities

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

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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