• 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.

  • The GMAB rider protects the account holder from market fluctuations.
  • If the account value exceeds the rider’s minimum benefit, the account value is paid to the account holder.
  • Other Guaranteed Minimum Lifetime Benefits include Guaranteed Minimum Income Benefit (GMIB), Guaranteed Minimum Withdrawal Benefit (GMWB), Guaranteed Withdrawal Lifetime Benefit, and Separate Lifetime Benefit.