Withdrawal Benefits

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Withdrawal Benefits

The right of an employee to contributions made to his/her employer-sponsored retirement plan when he/she leaves an employer. The employee has withdrawal benefits to all his/her own contributions and all interest earned. He/she may have a right to employer contributions, but only if they are vested. See also: Rollover.
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Upside Potential, Downside Protection: The program allows for income growth potential from market gains as well as income protection against market losses through a guaranteed lifetime withdrawal benefit (GLWB).
Some of the TDFs available to participants in older age groups offer deferred annuities, and none of the deferred annuities offers a guaranteed lifetime withdrawal benefit or guaranteed minimum withdrawal benefit, both of which guarantee payments despite the fund's performance.
In certain trading annuities, when income is to be turned on, there is a SPIA-like withdrawal benefit that offers an exclusion ratio.
In addition to the free ATM withdrawal benefit, all Mashreq Platinum Visa Debit Card members will get rewards in the form of 1 Salm point for every AED 1 spent at any merchant outlet overseas and 1 Salm point for every AED 2 spent at any merchant outlet in the UAE.
In addition to the free ATM withdrawal benefit, all Mashreq Platinum Visa Debit Card members will get rewards in the form of 1 Salm point for every Dh1 spent at any merchant outlet overseas and 1 Salm point for every Dh2 spent at any merchant outlet in the UAE.
Like other companies, Prudential has de-risked its guaranteed lifetime withdrawal benefit in its variable annuity, Highest Daily Lifetime Income, to respond to capital market pressures.
As a result the company argues the former employees do not qualify to receive early retirement benefit which has more enhanced benefits than a simple cash withdrawal benefit.
Oxford Life Insurance Company recently rolled out the Oxford Life Income Protector, an annuity that includes a Guaranteed Lifetime Withdrawal Benefit (GLWB) rider at no extra charge.
More than half of FIAs sold in the first quarter of 2010 included a guaranteed lifetime withdrawal benefit, which not only addresses the need for lifetime income, but also provides the client with additional access to any remaining contract value in situations where they need additional liquidity.
The new Schwab Retirement Income Variable Annuity, featuring an optional guaranteed lifetime withdrawal benefit (GLWB), was developed for investors seeking a low-cost, easy-to-understand variable annuity that offers a guaranteed income stream, investment diversification, and professional guidance.
Income and WealthBuilder offers an optional Guaranteed Minimum Withdrawal Benefit Rider (GMWB) that allows the owner to receive the larger of premiums paid in the first contract year accumulating based on a 7.