Maturity Guarantee

DEFINITION of 'Maturity Guarantee'

The dollar amount of a contract (such as a life insurance policy or segregated fund contract) that is guaranteed after a certain amount of time has elapsed.

BREAKING DOWN 'Maturity Guarantee'

Usually within a life insurance policy or segregated fund contract, the beneficiary is entitled to a minimum dollar amount after 10 years have passed.

Also known as an "annuity benefit."

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