Charges typically are asset based (or, expressed as a percentage of account value, e.g., 15 basis points is the same as 0.15%). A guaranteed minimum income benefit (GMIB) rider is designed to provide the investor with a base amount of lifetime income when they retire regardless of how the investments have performed.
Define state house. state house synonyms, state house pronunciation, state house translation, English dictionary definition of state house. also state house n. A building in which a state legislature holds sessions; a state capitol. n NZ a house built by the government for renting
A U.S. state (abbreviation of United States state) is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile.