The Guaranteed Minimum Savings Allowance (GMAB) is an optional element of an annuity that guarantees the payment of a minimum amount of an annuity after a holding period: accumulation or other specified period.
Guaranteed Minimum Income Benefit (GMIB) is an additional supplement to an annuity contract that guarantees a minimum level of payments after its annuity.
If you are under the age of 59.5 and are experiencing financial hardship, you can withdraw funds from your retirement accounts without incurring the usual 10% penalty.