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Guaranteed income bond |
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Guaranteed income bondA bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned.Similar MatchesGuaranteed minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Guaranteed death benefitGuaranteed death benefitA life policy in which there is a minimum sum payable on the death of the life assured. Guaranteed 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 renewable policy insuranceGuaranteed renewable policy insuranceA type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same change is applied to all policyholders. 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. Further Suggestionsguaranteed renewable policyguaranteed growth bond Guaranteed death benefit Guaranteed bond Guaranteed Mortgage Certificates (GMC) Guaranteed replacement cost coverage insurance guaranteed trust Guaranteed insurance contract guaranteed sum assured Guaranteed investment contract (GIC) |
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