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Nassau Life and Annuity Company Nassau Life Insurance Company PHL Variable Insurance Company Nassau Life and Annuity Insurance Company IRA Qualified Charitable Distribution Internal Revenue Code Section
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How to fill out guaranteed lifetime withdrawal benefit

01
Contact your insurance company to inquire about their guaranteed lifetime withdrawal benefit option.
02
Review the terms and conditions of the benefit to determine if it meets your financial needs and goals.
03
Fill out the necessary forms provided by the insurance company accurately and completely.
04
Consult with a financial advisor if needed to ensure that you understand all aspects of the benefit and how it will affect your financial plan.

Who needs guaranteed lifetime withdrawal benefit?

01
Individuals who are looking for a steady stream of income in retirement.
02
Those who want to protect their investments from market volatility.
03
People who are concerned about outliving their retirement savings.
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Guaranteed lifetime withdrawal benefit is a feature offered by certain annuities that allows the policyholder to receive a specified amount of income for the rest of their life, regardless of market performance.
Policyholders who have purchased annuities with a guaranteed lifetime withdrawal benefit are required to file the necessary paperwork to begin receiving their benefits.
To fill out guaranteed lifetime withdrawal benefit, policyholders should contact their annuity provider or financial advisor for the required forms and instructions.
The purpose of guaranteed lifetime withdrawal benefit is to provide policyholders with a source of guaranteed income during retirement, ensuring financial security.
Policyholders must report their personal information, account details, and any additional beneficiaries on the guaranteed lifetime withdrawal benefit forms.
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