Guaranteed minimum period
Guaranteed 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 replacement cost coverage insuranceGuaranteed replacement cost coverage insurance
A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.
Guaranteed insurance contractGuaranteed insurance contract
A contract promising a stated nominal interest rate over some specific time period, usually several years.
Guaranteed Mortgage Certificates (GMC)Guaranteed Mortgage Certificates (GMC)
First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.
Guaranteed death benefitGuaranteed death benefit
A life policy in which there is a minimum sum payable on the death of the life assured.
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.
Further Suggestionsguaranteed trust
guaranteed growth bond
Guaranteed investment contract (GIC)
guaranteed minimum pension
guaranteed renewable policy
guaranteed income bond
Guaranteed death benefit
Guaranteed renewable policy insurance