Fast forward nearly 20 years, and they cost as much as 1.55% of the Benefit Base value.

May 30, 2025 by Sheryl J. Moore

Did you know that when Guaranteed Lifetime Withdrawal Benefits (GLWBs) were first introduced on indexed annuities, in March of 2006, they cost the annuitant 0.50% of the Account Value.

Fast forward nearly 20 years, and they cost as much as 1.55% of the Benefit Base value.

Note that this can translate to an annuitant paying more than 3.00% of their Account Value, for a rider that has a significant rollup.

Let that sink in.

Thoughts? Join in the discussion here. -sjm