Accumulation Benefits

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Accumulation Benefits

An addition to the death benefit of a life insurance policy. See also: Whole life insurance.
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The cash flows for A(x,t,T), the accumulation benefit, are analogous to those of a notional security that has a negative continuous dividend equal to the contribution rate times salary.
Safety Plus, a 10-year guaranteed minimum accumulation benefit that provides principal protection with market participation through the new Personal Protection Portfolios and a bonus to future payout rates if it is transferred to the annuity's Personal Pension Account at the end of 10 years.
A minimum accumulation benefit guarantees a return of purchase payments.
Investment Protector is a rider with an accumulation benefit that protects assets and locks in 95% annual gains, and incorporates a life-cycle investment strategy.
John Hancock Annuities also expanded its lineup of optional guaranteed benefits in October with the introduction of Principal Returns, a rider with two distinct features: it provides a high 8% guaranteed withdrawal rate for clients seeking "income now," and, for those who don't take withdrawals and are concerned about market exposure, it offers an accumulation benefit feature that provides principal protection while investing in the markets.
Among recent developments is Guaranteed Return Plus, a rider that combines exchange-traded funds with a guaranteed minimum accumulation benefit.
2% compounding annual roll-up benefit), RightTime(SM) (an option to buy the rider at issue or at a later date), SecurePay ME([R]) (an option that may result in higher annual withdrawal amounts for clients with qualifying medical conditions), SecurePay NH(SM) (a feature which can provide increased annual withdrawal amounts for qualifying clients who are confined to a nursing care facility) and a Guaranteed Minimum Accumulation Benefit (which offers clients an additional safety net in the form of a "return of purchase payments" guarantee).
Principal Returns" Provides Higher Withdrawal Rates for "Income Now," Accumulation Benefit for Variable Annuity Clients Who Want Principal Protection
This January, the company took a major step toward making prospective buyers less afraid by introducing a guaranteed minimum accumulation benefit on cash values.
NYSE: PNX) today announced enhancements to its top-selling Phoenix Flexible Withdrawal Protector(SM) guaranteed minimum withdrawal benefit (GMWB) rider and the launch of a new combination benefit rider, Phoenix Retirement Protector(SM), which offers a GMWB, a guaranteed minimum accumulation benefit (GMAB), and an optional guaranteed minimum death benefit (GMDB).
Rather than requiring buyers to choose the benefits they want, Simplicity serves up a death benefit and minimum accumulation benefit that roll up at 1.
Guaranteed minimum accumulation benefit addresses consumer fear of losing money