Withdrawal

Owners of Variable Annuities Shielded from Market Crash

A recent Wall Street Journal article notes that owners of variable annuities with guaranteed living benefits ( GLB ) have been largely immune to the fallout from the financial crisis. "One of the best investments of the past decade was one of the most derided: the variable annuity ." The protection offered by GLBs such as the guaranteed minimum withdrawal benefit is discussed. "Because of such guarantees, many holders of variable annuities actually saw their accounts increase 6% or more in...

Glossary:

Annuity

Guaranteed Living Benefit

Guaranteed Minimum Withdrawal Benefit

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Glossary:

Annuity

Guaranteed Living Benefit

Guaranteed Minimum Withdrawal Benefit

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MetLife Introduces Low Cost Variable Annuity

MetLife recently announced the launch of a simple, low cost variable annuity called Simple Solutions. The Simple Solutions variable annuity will be sold through banks and is intended to address retirees and near-retirees in the range of 60-80 years of age. Features and highlights include: A guaranteed lifetime withdrawal benefit of up to 6% of the initial investment if withdrawals begin after age 76, 5% between 65 and 75, and 4% if before age 65. Automatic annual increases of the GLWB if the...

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Glossary:

Guaranteed Lifetime Withdrawal Benefit

Variable Annuity

Mortality and Expense Charge

Mortality

Investment Management Fee

GLWB

Asset Allocation

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Glossary:

Annuity

Asset

Guaranteed Lifetime Withdrawal Benefit

Variable Annuity

Mortality and Expense Charge

Mortality

Investment Management Fee

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Companies:

Lafayette Life

Short Company Name:

Lafayette Life

Long Company Name:

The Lafayette Life Insurance Company

Lafayette Life provides life insurance and annuity products to individuals and small businesses through multiple distribution channels. The individual product portfolio includes whole life, senior age whole life, term life, universal life, immediate annuities, and indexed universal life and annuities.

Lafayette Life Insurance specializes in fixed annuities where interest is credited on a regular basis and funds may be available at any time. Clients may be subject to possible withdrawal charges, income taxes and penalties. The plans include:

Company Type:

Insurance Company

Web Site:

www.llic.com

Address

City:

Lafayette

State:

ZIP Code:

47903

Country:

USA

Phone Number:

765-477-7411

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Columbus Life

Short Company Name:

Columbus Life

Long Company Name:

Columbus Life Insurance Company

Columbus Life Insurance Company offers services in life insurance and annuities. The company's life insurance options spans across four individual plans designed to cater to different clients, while its annuities plans cover two areas.

Life Insurance Products:

Company Type:

Insurance Company

Web Site:

www.columbuslife.com

Address

City:

Cincinnati

State:

ZIP Code:

45202-3302

Country: