Maturity Guarantee

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Maturity Guarantee

The benefit of an insurance policy or annuity to which the policyholder or annuitant is entitled after a certain number of years. The amount of the benefit as well as the number of years (which is usually 10) is stated in the contract.
References in periodicals archive ?
(11.) For more on the difference between rate of return guarantees and maturity guarantees, see the discussion in Grosen and Jorgensen (2000).
Despite its formulation in continuous time, it is essentially a single-period model in which a dynamic element of the insolvency put option is lost and, perhaps more important, the built-in interest rate guarantee serves no specific purpose, as it is indistinguishable from an absolute maturity guarantee (see the discussions in Boyle and Hardy, 1997, and Grosen and Jorgensen, 2000).
89-2, Maximum Maturity Guarantees on Transfers of Receivables with Recourse, the potential significance of this put option must [TABULAR DATA OMITTED]