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.



Similar Matches

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.


Guaranteed income bond

Guaranteed income bond

A bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned.


Guaranteed renewable policy

Guaranteed renewable policy

An insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates.


Guaranteed minimum period

Guaranteed minimum period

The period during which an annuity is paid irrespective of whether the annuitant dies during that period.If the annuitant lives beyond this period, payments continue until death. An annuity with such a guarantee could benefit people, with dependants who require the income to continue after their death. This means that the sum of money paid for the annuity would not be wasted in the event of early death.


Guaranteed growth bond

Guaranteed growth bond

A bond in which a single premium secures a guaranteed amount at its maturity date.


Further Suggestions

Guaranteed replacement cost coverage insurance
guaranteed minimum pension
Guaranteed insurability
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Guaranteed investment contract (GIC)
Guaranteed bond
guaranteed sum assured
guaranteed trust
Guaranteed insurance contract


 
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