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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 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 growth bondGuaranteed growth bondA bond in which a single premium secures a guaranteed amount at its maturity date. 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 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. Guaranteed death benefitGuaranteed death benefitPolicies where the company will pay out a certain amount when you die. Further SuggestionsGuaranteed bondGuaranteed investment contract (GIC) guaranteed sum assured Guaranteed insurability Guaranteed Mortgage Certificates (GMC) Guaranteed renewable policy insurance Guaranteed insurance contract guaranteed minimum pension guaranteed income bond guaranteed death benefit |
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