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.