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fixed annuity

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Q: When are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment?
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Related questions

In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment?

fixed annuity


What is Guaranteed minimum rate of interest Life Insurance?

fixed


Full form of GIC?

Guaranteed Investment Contract. Debt instrument issued by an insurance company, usually in a large denomination, and often bought for retirement plans. The interest rate paid is guaranteed, but the principal is not. also called guaranteed interest contract.Read more: http://www.investorwords.com/2170/GIC.html#ixzz1l1T6HnC1


Why do you need to report interest paid or earned on life insurance?

Whole life insurance also has an investment component, so money made on the investment is taxed. If you have term insurance, then there is no interest earned, since it is strictly insurance.


What is meant by the term guaranteed investment?

The term "guaranteed investment" typically refers to a stock, bond, or mutual fund, wherein the owner is guaranteed a principal repayment, as well as a fixed or floating interest rate for a pre-established period of time.


What is interest sensitive whole life insurance?

It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.


What is the benefit of fixed deposit interest rates?

Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.


What can be the definition of fixed income investment?

A fixed-income investment generally pay interest on specific schedule with a promise to return the principle at maturity, but is not guaranteed. Basically they provide regular income that is predictable.


What is the current interest rates on a Halifax guaranteed reserve account?

what is the interest on£ 50,000 with Halifax guaranteed reserve


What is an Investment Interest calculator?

An investment interest calculator will calculate the amount of interest that you will have to pay on an investment on a home, car, or other type of big expense.


Can fees paid to a broker be classified as investment interest expenses?

No. Broker Fees are investment expenses but are not investment interest expenses.


Is the interest earn t in a bank account classed as an investment?

Interest earned in a bank account is not an investment. It is considered an income. The money that you have in the bank account that earned the interest for you is considered the investment

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