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Guaranteed Minimum Withdrawal Benefit in Variable Annuities
GMWB is elected at the issuance of the variable annuity. • Single premium: $ 100,000 • Initial Guaranteed ... age 4. different benefit features • Lapse • Mortality 11 Model Policyholder Behavior using Three-state ...- Authors: Yan Liu
- Date: Jan 2007
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Topics: Annuities>Guaranteed living benefits; Annuities>Pricing - Annuities; Annuities>Variable annuities