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Tag Archive: gmab annuity

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...

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