As alluded to earlier , structured annuities are still young in terms of the product life cycle . Accordingly , we are just beginning to see Guaranteed Lifetime Withdrawal Benefits ( GLWBs ) added to these annuities . These riders guarantee annual withdrawals , at a specified level , regardless of if the account value of the contract falls to zero dollars . Generally , one can say that GLWBs offer the benefits of annuitization , but with more flexibility , in exchange for an annual fee .
And when it comes to GLWBs , it seems that the indexed annuity market has largely abandoned rollups in favor of crediting fixed and / or indexed gains to the Benefit Base of the rider . Such features take advantage of comparatively less-stringent reserving requirements .
On the other hand , Guaranteed Minimum Accumulation Benefits ( GMABs ) are making a comeback , but on fixed and indexed annuities , as opposed to their variable annuity brethren . These riders typically guarantee that the account value of the annuity will grow to [ 105.00 %] of the premiums paid by the end of the surrender charge period .