HomeDefinitionsCompareDebt Guaranteed insurance contractThe financial definition for Guaranteed insurance contract:A contract promising a stated nominal interest rate over some specific time period, usually several years. Similar MatchesGuaranteed bondGuaranteed bondA type of bond for which a firm other than the issuer guarantees its interest and principal payments. Guaranteed insurabilityGuaranteed insurabilityA life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed-upon rates regardless of health conditions. 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. Further SuggestionsGuaranteed Mortgage Certificates (GMC)Guaranteed renewable policy insurance Guaranteed replacement cost coverage insurance Click to compare definitions of Guaranteed insurance contract Click to view definitions beginning gu |