Guaranteed minimum pension
Guaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension).
Guaranteed sum assuredGuaranteed sum assured
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.
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 bondGuaranteed bond
A type of bond for which a firm other than the issuer guarantees its interest and principal payments.
Guaranteed insurabilityGuaranteed 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 death benefitGuaranteed death benefit
Policies where the company will pay out a certain amount when you die.
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