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Guaranteed Annuity

Definition of 'Guaranteed Annuity'

An annuity that guarantees to make payments for a minimum period even if the annuitant dies during that period. Payments continue after the period, however, if the annuitant remains alive.

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Related Terms

Annuity Capital Protected Annuity Open Annuity AEA Annuity Certain Acceptance Credit Annual Equivalent Annuity Back-to-Back Plans Bond Derivative Market Guaranteed Equity Bonds Guaranteed Loan Stock Loan Guarantee Scheme Underwriting

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