Compare Guaranteed Account Value Riders

MetLife Investors GPO GAV allows you to take a lump sum payment of the initial premium and deposits made in the first 120 days (less withdrawals and surrender charges) after a 10-year waiting period, which is fairly standard. We feature this GAV rider because it comes at no additional cost with the GMIB Max or Plus rider. If you have the GMIB rider and, after 10 years, your account value has dropped and you decide you’d rather not take the GMIB lifetime income benefit, you may cancel it and elect the GPO. In essence, if you purchase the GMIB rider, you get the GAV safety net at no additional charge.

The Pacific Life GPA 3 GAV rider is featured here not so much because it is unique, but because it is a very well-publicized GAV from a reputable company. As such it is included here for comparison purposes. The rider allows you to take a lump sum payment of the initial premium and deposits made in the first year (less withdrawals and surrender charges) after a 10-year waiting period, and allows you to lock-in gains after 3 years (resetting the 10-year waiting period), both of which are fairly standard.

1.30%

The Ohio National Guaranteed Principal Protection rider GAV rider allows you to take a lump sum payment of the initial premium and deposits made in the first 6 months (less withdrawals and surrender charges) after a 10-year waiting period, which is fairly standard. We feature this GAV rider because of the uniquely flexible asset allocation options -- you can invest in any of Ohio National's asset allocation models. Furthermore, the rider is relatively low cost, and we believe the core annuities to which the rider can be added to be very good. Also, gains can be locked-in on or after the 5th anniversary (although this would reset the 10-year waiting period).