|
|
Guaranteed insurance contract |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Guaranteed insurance contractA contract promising a stated nominal interest rate over some specific time period, usually several years.Guaranteed insurance contract Similar MatchesGuaranteed 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 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. Guaranteed growth bondGuaranteed growth bondA bond in which a single premium secures a guaranteed amount at its maturity date. Guaranteed death benefitGuaranteed death benefitA life policy in which there is a minimum sum payable on the death of the life assured. Guaranteed income bondGuaranteed income bondA bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned. Further Suggestionsguaranteed sum assuredGuaranteed bond Guaranteed insurability guaranteed minimum pension guaranteed trust Guaranteed replacement cost coverage insurance Guaranteed renewable policy insurance Guaranteed death benefit guaranteed renewable policy Guaranteed Mortgage Certificates (GMC) |
|
|
|