Accumulation Benefits

Accumulation Benefits

An addition to the death benefit of a life insurance policy. See also: Whole life insurance.
References in periodicals archive ?
Allianz Life said that, unlike current variable annuities with Guaranteed Minimum Accumulation Benefits that require waiting periods of up to 10 years, the new Index Advantage product provides opportunity for benefits to be protected every year.
2) Guaranteed Minimum Accumulation Benefits (GMABs)--guarantee that the owner never receives less than a certain amount of AV at a stated point in the future.
And on the living-benefit side, despite consumer demand for guaranteed withdrawal benefits, Hegna said he is a big fan of guaranteed-minimum accumulation benefits.
Some, like those with guaranteed minimum accumulation benefits guarantee that the account value will not be lower than the amount invested at some future time.
This virtually erodes the accumulation benefits of tax-deferral.
This feature may be particularly valuable for those who are deliberating between term and permanent life insurance because of its cash value accumulation benefits.
From guaranteed minimum accumulation benefits to expanding existing life products to formerly difficult-to-insure customers, innovation among life and annuity writers is impacting reinsurers.
We believe Sun Life's Income ON Demand(SM) rider is a unique benefit in the annuity and retirement planning industry that will be particularly appealing to Huntington Bank customers looking for improved flexibility with the traditional protection and accumulation benefits of variable annuities.
The guarantees attach under a variety of riders: guaranteed accumulation benefits, guaranteed minimum income benefits, guaranteed minimum withdrawal benefits, and guaranteed enhanced death benefits.
The industry is only in the beginning stages of developing minimum accumulation benefits and minimum withdrawal benefits.
The Protective ProValue UL policy also offers long-term cash accumulation benefits through retroactive cash value interest credits that are applied at the end of the 19th and 20th policy years, along with prospective interest credits that are applied in policy year 21 and each year thereafter.