Jackson gives a new spin on its investment-focused VAs, with guaranteed account balance option

October 29, 2024 by Staff

Data from Wink, Inc. show that the rider has spousal continuation for the different annuities on which it is available. Those who opt for the rider must allocate at least 30 percent of their contract’s assets to a fixed option, and it is not available in conjunction with Jackson’s Earnings Max Death Benefit, according to Wink.

“There are only five or six companies that have active GMAB riders available as of today,” said Peter Lamond, VA ambassador at Wink, in an email. The idea is similar in concept to adding a put option on a stock, he said.

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Originally Posted at InvestmentNews on October 22, 2024 by Staff.