Glossary


Life Insurance Terms

Investment Terms

G

Grace period

The period that the overdue premium of the life insurance policy may be paid without any penalty. This period is usually 30 or 31 days.

Group insurance

Insurance that is provided for several people under one contract, controlled by a group policy owner.

Guaranteed insurability benefit

The policy owner is guaranteed the right to increase the amount of their life insurance at certain times

Guaranteed issue insurance

The guarantee of insurance coverage for individuals despite of health or medical history.

Growth stocks

Shares of companies whose earnings are expected to increase at an above-average rate. Growth stocks are often typified by their low yields and relatively high price/earnings rations. Their prices reflect investors' belief in their future earnings in growth.

Guaranteed investment certificates

A deposit instrument paying a predetermined rate of interest for a specified term, available from banks, trust companies and other financial institutions.

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