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Guaranteed minimum pension |
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Guaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension).Similar MatchesGuaranteed death benefitGuaranteed death benefitPolicies where the company will pay out a certain amount when you die. Guaranteed bondGuaranteed bondA type of bond for which a firm other than the issuer guarantees its interest and principal payments. Guaranteed trustGuaranteed trustSome unit trusts offer a floor price and guarantee their bid price will not be allowed to fall below that level. They also 'lock in' any growth achieved every few months.From an investor's point of view, this guarantee provides reassurance about the value of their investment. Even if the value of the trust's assets falls well below the floor, the bid price (the amount that an investor can sell his units for) will remain at the guaranteed level. Guaranteed replacement cost coverage insuranceGuaranteed replacement cost coverage insuranceA policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation. 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. Further SuggestionsGuaranteed Mortgage Certificates (GMC)guaranteed renewable policy guaranteed death benefit guaranteed sum assured Guaranteed insurability Guaranteed renewable policy insurance Guaranteed insurance contract guaranteed income bond guaranteed growth bond guaranteed minimum period |
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