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Annuity Acronyms Explained (GLWB, GMAB, GMDB, and GMIB)

Rob Brinkman

Annuity Acronyms! How can you understand them all? GLWB, GMAB, GMDB, GMIB – what do they all stand for? This video will teach you exactly what each annuity acronym means and how it affects you.

To begin, usually an acronym on an annuity refers to some type of annuity rider. And usually (like 99% of the time) a rider costs money. Meaning there is an annual fee to have the rider. So if you aren’t 100% sure you need the rider, don’t add it to the annuity. Why pay for something you don’t need?

On the other hand, any time you see an “annuity benefit”, it is usually a benefit built into the annuity which will have no extra fee or charge. To summarize:

  • Annuity rider = charges you a fee to own
  • Annuity benefit = free

In this video, Rob explains what prompted insurance companies to incorporate these riders into fixed annuities, index annuities and variable annuities. He walks through what each one stands for and how it works.

Note: To watch the educational video, just click on the video picture below or you can click here to watch it in YouTube.

To learn more from this annuity professional, click here (Rob Brinkman).

About the Author:

Rob Brinkman began his investment career in 1987, one month after the infamous October stock market crash.  “In the wake of that kind of financial devastation, one learns the importance of a conservative approach to money management”, Rob was quoted in the local Texas newspaper that next week.

Over the past 26 years Rob has become one of the industry’s most respected advocates for conservative, safe investing.  As an executive for one of the country’s largest investment/insurance firms, Rob designed and implemented annuity platforms for clients such as Merrill Lynch, Raymond James and UBS.  In his private practice, Rob works with individuals who are in or nearing retirement, assisting them in asset preservation and income generation.  His ‘white board’ educational videos have become the internet standard for both basic understanding of investment fundamentals, as well as advanced investment strategies.

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