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VA Income Benefits Are Evolving to Offer New Forms of Guaranteed Income

Steven D. McDonnell

We believe that Guaranteed Minimum Income Benefits (GMIBs) are still formidable weapons in the variable annuity benefit arsenal, they have been around for awhile and many financial advisors still find them quite attractive. While innovation in these features has slowed somewhat, we recently identified two new ones and we will cover them in this report and also offer some comments on modifications to existing benefits...

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