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“Next Generation” VA Withdrawal Benefits and Shapes They Are Taking

Steven D. McDonnell

The rate of filing activity around variable annuity Guaranteed Minimum Withdrawal Benefits (GMWBs) remains vigorous and will probably pick up as we approach the May prospectus update season. Since the beginning of the year some unique new designs have been introduced, as well as numerous modifications, special provisions and other tweaks, sometimes of a rather intricate nature...

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