An annual study from Milliman of guaranteed living benefits on variable annuity policies shows that withdrawal utilization on guaranteed lifetime withdrawal benefits (GLWBs) is nearly 15 percent within the first 12 months of eligibility. 

The study found that about 6 percent of policies began withdrawals 13 to 36 months after eligibility, and 2 percent started withdrawals more than 36 months after becoming eligible.  

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