Oracle® Insurance Policy Administration 9.1.0.0.0 E15811-01

# Guaranteed Minimum Death

Guaranteed Minimum Death Benefit (GMDB) is a provision added to an annuity for payment of an additional benefit in case the policy loses value. This would allow the insured's beneficiary to receive a guaranteed amount. The GMDB options available for the variable annuity are:

1. Return of Premium

2. Maximum Anniversary Value

3. Roll-Up

4. Combo

You can add a GMDB segment to a policy by selecting Add Segments from the Secondary menu. Then select the GMDB segment, enter the necessary information and select Calculate.