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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 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 insurance contractGuaranteed insurance contractA 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 benefitA life policy in which there is a minimum sum payable on the death of the life assured. Guaranteed sum assuredGuaranteed sum assuredA 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 trustguaranteed growth bond Guaranteed insurability Guaranteed bond Guaranteed investment contract (GIC) guaranteed minimum pension guaranteed renewable policy guaranteed income bond Guaranteed death benefit Guaranteed renewable policy insurance |
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