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Guaranteed sum assured |
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Guaranteed 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.Similar MatchesGuaranteed death benefitGuaranteed death benefitA life policy in which there is a minimum sum payable on the death of the life assured. Guaranteed 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 insurance contractGuaranteed insurance contractA contract promising a stated nominal interest rate over some specific time period, usually several years. Guaranteed minimum periodGuaranteed 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. Further Suggestionsguaranteed income bondguaranteed growth bond Guaranteed insurability Guaranteed bond guaranteed renewable policy Guaranteed renewable policy insurance Guaranteed death benefit guaranteed minimum pension Guaranteed investment contract (GIC) Guaranteed replacement cost coverage insurance |
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