Twitter Google Share on Facebook (redirected fromGuaranteed Interest Contract) Acronyms Guaranteed investment contract (GIC) A pureinvestmentproduct in which a lifecompanyagrees, for a singlepremium, to pay at amaturity datetheprincipalamount of a predetermined annualcrediting (interest) rateover the li...
The low-rate environment has squeezed out most enhanced death benefits. Point-to-point crediting strategies based on S&P 500 continue to comprise the majority of sales, predominantly based on an annual strategy (Figure 1). While a fixed methodology is used by all respondents, it o...