Guaranteed investment contracts
(GICs) are fixed assets with no appreciation potential but which provide income.
Best # 59197) confirmed last month that it has received subpoenas from Florida and Connecticut in connection with a multistate investigation of alleged bid-rigging in the sale of guaranteed investment contracts
Participants in 401(k)s--one of the most common defined-contribution plans--usually have a menu of investment options, including guaranteed investment contracts
(GICs) sold by insurance companies, stocks and mutual funds.
The Financial Accounting Standards Board issued exposure drafts on fair value for guaranteed investment contracts
(GICs) and on accounting for reinsurance contracts as well as an interpretation about offsetting amounts related to specific contracts.
Currently, however, the insurance company merely invests the plan's assets in such vehicles as guaranteed investment contracts
(GICs), deposit-administration contracts, immediate participation guarantee contracts or other insurance company sponsored investment funds.
The rule, as described by Jackson National, would apply to state-regulated banks and insurers that register insurance policies, annuity contracts, funding agreements or guaranteed investment contracts
using Form S-1 or Form S-3.
It also charged $169 million against earnings due to anticipated losses on Guaranteed Investment Contracts
that it has sold over the past 15 years.
ARMs are also a fine alternative for IRA or 401 (k) investors who want to move out of guaranteed investment contracts
because of their concerns about the quality of the underlying institution.
ING Institutional Markets offers products such as guaranteed investment contracts
, funding agreements and notes.
How reliable are guaranteed investment contracts
and annuities in today's insurance industry environment?
Regulators weigh the liquidity risks in guaranteed investment contracts
and similar instruments after General American's ordeal.