Guaranteed Minimum Withdrawal Products (GMWB)
GMWB products are a combination of investments and guarantees.
With GMWB products, you get a guaranteed minimum income from your savings each year – starting as early as age 50 for some products. They also provide the potential for investment gains to help increase this income over time.
One of the most appealing features of this product is the income certainty that is derived from the guarantees of this product class.