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GLOSSARY

GLOSSARY TERMS by Alpha
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Gap coverage
Garage policy
Garagekeepers liability
GIC
Glass insurance
Glass-Steagall Act
Grace period
Graded premium policy
Gross earnings coverage
Group Certificate
Group insurance
Guarantee funds
Guaranteed insurability (Guaranteed Issue)
Guaranteed renewable
Guaranteed term
Guiding principles

GIC

Guaranteed investment Contract.  Debt instrument issued by an insurance company, usually in large denomination, and often bought for retirement plans.  The intrest rate paid is guaranteed, but the principal is not.

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