A new style of investment has been Sweeping the Investing World and it is called a GMWB, or a Guaranteed Minimum Withdrawal Benefit product. A GMWB is similar to a Life Annuity but with many additional features. Generally when you invest in a Life Annuity you are giving up care and control of your Investment to the Insurance Company, in return for a Guarantee of Income for Life.

General Summary of a Guaranteed Minimum Withdrawal Benefit (GMWB)
• You can Invest as Little as $5000 into a GMWB
• You are given a Minimum Income Base of 5% (Compounded) or Market Value for every year you stay invested
• Once you are ready to turn your Savings into Income, you are guaranteed Income for Life, no matter how old you live
• There are hundreds of Investment Choices you can make, so variety won't be a problem
• The balance of your Account goes to your Beneficiaries, not the Insurance Company
• You can never run out of your money, no matter how old you get