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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 trustGuaranteed trustSome unit trusts offer a floor price and guarantee their bid price will not be allowed to fall below that level. They also 'lock in' any growth achieved every few months.From an investor's point of view, this guarantee provides reassurance about the value of their investment. Even if the value of the trust's assets falls well below the floor, the bid price (the amount that an investor can sell his units for) will remain at the guaranteed level. Guaranteed sum assuredGuaranteed sum assuredA term used by some life companies which refers to the minimum sum payable by a life policy either on the death of the life assured or on maturity. Guaranteed investment contract (GIC)Guaranteed investment contract (GIC)A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment. 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 bondGuaranteed bondA type of bond for which a firm other than the issuer guarantees its interest and principal payments. Further Suggestionsguaranteed minimum periodGuaranteed replacement cost coverage insurance Guaranteed insurance contract guaranteed growth bond guaranteed renewable policy Guaranteed renewable policy insurance guaranteed minimum pension guaranteed income bond Guaranteed insurability |
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