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 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 insurance contractGuaranteed insurance contract
A contract promising a stated nominal interest rate over some specific time period, usually several years.
Guaranteed death benefitGuaranteed death benefit
Policies where the company will pay out a certain amount when you die.
Guaranteed income bondGuaranteed income bond
A bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned.
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.
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guaranteed growth bond
guaranteed death benefit
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guaranteed minimum pension
guaranteed sum assured