Guaranteed renewable policy

 

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Guaranteed renewable policy

An insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates.



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Guaranteed death benefit

Guaranteed death benefit

A life policy in which there is a minimum sum payable on the death of the life assured.


Guaranteed income bond

Guaranteed 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 trust

Guaranteed trust

Some 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 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 minimum period

Guaranteed minimum period

The 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.


Further Suggestions

guaranteed sum assured
Guaranteed insurance contract
Guaranteed death benefit
Guaranteed bond
guaranteed minimum pension
Guaranteed insurability
guaranteed growth bond
Guaranteed investment contract (GIC)
Guaranteed replacement cost coverage insurance
Guaranteed renewable policy insurance


 
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