Maturity Guarantee


  • An agreement that after a set date a certain minimum dollar amount of a contract (for example a life insurance policy, annuity, or segregated fund) will be guaranteed.

guaranteed due date, promised return, growth guarantee

Related Terms and Acronyms

  • Annuity Definition,
    • A regular periodic payment made by an insurance company to a policyholder for a specified period of time.
    • A financial instrument that disperses a number of payments over a set period of time.
  • Annuity Contract Definition,
    • A contract that outlines each party's responsibilities as they relate to an annuity.
  • Bond Definition,
    • A certificate of debt issued by a government or corporation guaranteeing payment of the original investment plus interest by a specified future date.
  • Guarantee Definition,
    • An enforceable warranty on the promise of quality of a product or formal promise by one person to take responsibility for the debts or obligations of another person if that person fails to meet them.
  • Indexed Annuity Definition,
    • An annuity where investment performance is pegged to a stock index.
  • Inflation-Protected Annuity Definition,
    • An annuity that guarantees a return equal to or above inflation.
  • Life Annuity Definition,
    • An annuity that will continue to make payments until the death of the annuitant.
  • Maturity Definition,
    • The date when the principal balance of a loan is due and payable to the lender. Also, the date when a bond pays off its principal.
  • Present Value Interest Factor of Annuity (PVIFA) Acronym,
    • A method used to find an annuity's present value.
  • Revocable Beneficiary Definition,
    • A beneficiary whose benefit can be modified without his or her consent.
  • Segregated Fund Definition,
    • Investment vehicles that feature both maturity and death guarantees. Segregated funds share similarities with mutual funds but are categorized as insurance products.
  • Split-Funded Annuity Definition,
    • Two annuities purchased together, one with a deferred payout and the other with an immediate payout.
  • Straight Life Annuity Definition,
    • An annuity that stops all payments upon the annuitant's death.
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