Guaranteed death benefit


 

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Guaranteed death benefit

Policies where the company will pay out a certain amount when you die.

Guaranteed death benefit

A life policy in which there is a minimum sum payable on the death of the life assured.



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Guaranteed bond

Guaranteed bond

A type of bond for which a firm other than the issuer guarantees its interest and principal payments.


Guaranteed Mortgage Certificates (GMC)

Guaranteed Mortgage Certificates (GMC)

First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.


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Guaranteed insurability

A life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed-upon rates regardless of health conditions.


Guaranteed replacement cost coverage insurance

Guaranteed replacement cost coverage insurance

A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.


Guaranteed insurance contract

Guaranteed insurance contract

A contract promising a stated nominal interest rate over some specific time period, usually several years.


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