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 insurability

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 insurance contract

Guaranteed insurance contract

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


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 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 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.


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Guaranteed 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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