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Guaranteed death benefit |
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Guaranteed death benefitPolicies where the company will pay out a certain amount when you die.Guaranteed death benefitA life policy in which there is a minimum sum payable on the death of the life assured.Similar MatchesGuaranteed insurabilityGuaranteed insurabilityA 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 insurance contractGuaranteed insurance contractA contract promising a stated nominal interest rate over some specific time period, usually several years. Guaranteed minimum periodGuaranteed minimum periodThe 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 minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Guaranteed replacement cost coverage insuranceGuaranteed replacement cost coverage insuranceA policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation. Further Suggestionsguaranteed renewable policyGuaranteed renewable policy insurance Guaranteed bond guaranteed income bond Guaranteed investment contract (GIC) Guaranteed Mortgage Certificates (GMC) guaranteed sum assured guaranteed trust guaranteed growth bond |
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