Category Archives: GMWB

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‘RIP’ GMWBs? Who will miss these lose-lose products?

Posted on April 30, 2012

There were a number of recent articles indicating that insurance companies are exiting the GMWB business. The latest in the past week were MSN Canada’s  “Insurers back away from “income for life” products”, Benefit Canada’s   “Say goodbye to GMWB as you knew it” and … Continue reading →

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GMWB III – Q & A: Are GMWBs more desirable investments in “post-2008” context of low interest rates?

Posted on March 9, 2012

Last week I received the following question on GMWBs (Guaranteed Minimum Withdrawal Benefit insurance products) that I discussed in earlier blogs. Question:  “GMWB discussions. Time to update your conclusions. Outdated pre-2008 markets. Inflation numbers of 3%, GIC numbers of 5%?  … Continue reading →

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GMWB II- Guaranteed Minimum Withdrawal Benefit II

Posted on March 5, 2012
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This gallery contains 5 photos.

GMWB II- Guaranteed Minimum Withdrawal Benefit II This is a follow-up to the GMWB I blog of a few weeks ago, where I also described the characteristics of typical GMWB products. Here I will compare various decumulation options with the … Continue reading →

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GMWB I – Guaranteed Minimum Withdrawal Benefit (Preliminary)

Posted on March 5, 2012
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This gallery contains 2 photos.

GMWB I – Guaranteed Minimum Withdrawal Benefit (Preliminary)   I have received questions about Guaranteed Minimum Withdrawal Benefit (GMWB) products from a number of individuals. So this is the first of a couple of in-depth blogs on the subject. (Follow-up … Continue reading →

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Vanguard GLWB vs. other decumulation strategies

Posted on March 2, 2012
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This gallery contains 13 photos.

Vanguard’s GLWB: Credit to Vanguard for delivering on the promise In a nutshell Vanguard’s GLWB finally meets the promise of the value inherent in GLWB/GMWB-like strategies. We can only hope that Vanguard will also offer this product eventually in Canada. … Continue reading →

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