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Guaranteed Investment Contract

A contract (an insurance contract) involving retirement plans that is entered into by an investor and an insurance firm. The...

GIC

It stands for guaranteed investment contract; a contract (an insurance contract) involving retirement plans that is entered into by an...

GLP

It stands for guideline level premium; with respect to life insurance (particularly universal life insurance), it is the level annual...

Guideline Level Premium

With respect to life insurance (particularly universal life insurance), it is the level annual amount that would be required on...

Guideline Premium Limitation

With respect to life insurance (particularly universal life insurance),  it is a limitation placed on a guideline premium, constituting, as...

GSP

It stands for guideline single premium; with respect to life insurance (particularly universal life insurance), it is the premium at...

Guideline Single Premium

With respect to life insurance (particularly universal life insurance), it is the premium at issue with respect to future benefits...

Guideline Premium

With respect to life insurance (particularly universal life insurance), it is a premium defined in the policy as the maximum...

Gross Profitability

Insurance or reinsurance gross profit is the operator's turnover in terms of premiums issued and commissions earned (and broadly any...