Participating GIC

Participating GIC

A guaranteed investment contract whose policyholder is not guaranteed a crediting rate, but instead receives a return based on the actual experience of the portfolio managed by the life insurance company.

Participating GIC

A guaranteed investment contract (GIC) that receives a return based on some portfolio of assets held by the insurance company issuing the GIC. This differs from most GICs, in that most pay a fixed return.
References in periodicals archive ?
If the investor believes that interest rates are at historic lows and will most likely increase over the term of the investment, then the choice of a participating GIC would make sense.
Participating GICs offers the investor a variable rate of return based on interest-rate fluctuations.
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