Financial Services Industry
Industry: Email Alert RSS FeedLincoln Benefit Life offers 8% GMWB.(guaranteed withdrawal benefit)(Lincoln Benefit Life Co.)(Brief Article)
Best's Review, September, 2005 by Panko, Ron
Lincoln Benefit Life Co., part of the Allstate group, has updated its Consultant Solutions Flexible Premium Deferred Variable Annuity Product Suite. Among improvements is the SureIncome Withdrawal Benefit Option, which allows contract owners to access up to 8% of the principal per year with a guarantee they will not end up with less than their original investment.
If the market rises, customers can lock in a higher guarantee after five years. An accumulation option guarantees up to 250% of initial deposits, depending on time frame selected.
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