A guaranteed minimum accumulation benefit guarantees that an annuity account value will not be less than a stated amount on a future date if contract rules are met. The benefit base may roll up or step up, but it is a calculation used to test and, if necessary, increase actual value at the anniversary. Early or excess withdrawals reduce the guarantee. GMAPs appeal to savers who want downside protection for a target date without giving up market-linked growth.

Owners choose GMABs to protect a target value at a future date. Advisors track the guarantee base,watch fees, and plan withdrawals to avoid reducing protection before the measurement anniversary.