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 growth bond

Guaranteed growth bond

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


Guaranteed minimum pension

Guaranteed minimum pension

The minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension).


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 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 sum assured

Guaranteed sum assured

A 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.


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