In 2008, the stock market tanked in dramatic fashion, with the Dow declining by more than 50%. This was the …
What is an Account Value?
The starting account value is the amount you use to purchase a variable annuity. Each year, your account value may grow or decrease, depending on the return of your sub-accounts, minus fees and charges.
Variable annuities come with a host of optional features that you can select for an additional annual fee. One common type of variable annuity feature is the guaranteed account value benefit, also known as a GAV.
The GAV option added to a variable annuity a) guarantees your initial premium amount as a lump sum regardless of market performance; b) allows your account value to appreciate with market upside; and c) allows you to withdraw 100% of your account value at the end of a certain time period.
This web page has been reviewed for compliance.Document reference: #1500261-18
ANNUITY FYI’S TOP GAV RIDERS
|Guaranteed Principal Option (GPO) Rider|
|Guaranteed Protection Advantage (GPA3) Rider|
|Guaranteed Principal Protection Rider|
|Click Here for Complete List…|
FROM OUR BLOG
On Monday, the consumer life insurance and annuity unit from MetLife Inc., Brighthouse Financial, launched its first new product, a …
Finding a steady, solid cash flow in retirement can be rather difficult in today’s climate. According to a recent Kiplinger …