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Guaranteed minimum period |
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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.Similar MatchesGuaranteed minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Guaranteed 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 growth bondGuaranteed growth bondA bond in which a single premium secures a guaranteed amount at its maturity date. Guaranteed renewable policyGuaranteed renewable policyAn insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates. Further SuggestionsGuaranteed investment contract (GIC)guaranteed income bond Guaranteed Mortgage Certificates (GMC) guaranteed trust guaranteed sum assured guaranteed death benefit Guaranteed replacement cost coverage insurance Guaranteed renewable policy insurance Guaranteed insurance contract Guaranteed insurability |
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