Guaranteed insurance contract


 

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Guaranteed insurance contract

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



Guaranteed insurance contract

Similar Matches

Guaranteed 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 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 growth bond

Guaranteed growth bond

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


Guaranteed death benefit

Guaranteed death benefit

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


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.


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Guaranteed Mortgage Certificates (GMC)


 
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