Life annuity with guaranteed payments Life annuity with guaranteed payments refer pays a life income to the annuitant with a certain number of guaranteed payments.
Guaranteed issue Guaranteed issue is a term used to describe applicants for health insurance; coverage for medical expense insurance is guaranteed,
Guaranteed investment contract (GIC) Guaranteed investment contract (GIC) is an arrangement in private pension plans in which the insurer guarantees the interest rate on a
Guaranteed purchase option Guaranteed purchase option refers benefit that can be added to a life insurance policy permitting the insured to purchase additional
Guaranteed renewable Guaranteed renewable means continuance provision of a health insurance policy under which the company guarantees to renew the
Guaranteed replacement cost Guaranteed replacement cost is in the event of a total loss, the insurer agrees to replace the home exactly as it was before the loss
Definition
[ imp. & p. p.]