Guaranteed growth bond

 

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Guaranteed growth bond

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



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Guaranteed death benefit

Guaranteed death benefit

A life policy in which there is a minimum sum payable on the death of the life assured.


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Policies where the company will pay out a certain amount when you die.


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


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