What is the Definition of Guarantee Period?

What is the Definition of Guarantee Period?

Period during which the level of interest specified under a fixed annuity is guaranteed.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Guarantee Period?

What is the Definition of Guarantee Period?

You can find random definition and meaning of insurance terms below:


Meaning of Moral Hazard in Insurance Terms

The possibility that a person may act dishonestly in an insurance transaction.


Meaning of Morbidity Rate in Insurance Terms

The rate at which sickness and injury occur within a defined group of people. Insurers base health insurance premiums in part on the morbidity rate for a proposed insured’s age group. Contrast with Mortality rate.


Meaning of Mortality Rate in Insurance Terms

A percentage rate at which death occurs among a defined group of people of a specified age and sometimes of a specified gender. Insurers base the premiums for life insurance in part on the mortality rate for a proposed insured’s age group. Contrast with Morbidity rate.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Guarantee Period?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter