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December 9, 2009, Featured Articles

Letting the GLWB Out of Its Cage

By Kerry Pechter   Tue, Dec 08, 2009

The "Ruin-Contingent Life Annuity" proposed by Moshe Milevsky's QWeMA Group would liberate the guaranteed lifetime withdrawal benefit from the confines of variable annuities and separately-managed accounts.

The QWeMA Group Inc., the Toronto-based financial engineering group led by Moshe Milevsky, plans to launch an index that will enable retirees to buy a type of annuity that they can get today only by purchasing a variable annuity or a separate account with a living benefit rider.


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