One very attractive element of LTC annuities currently on the market is guaranteed premium.
What does GP stand for?
GP stands for Guaranteed Premium (insurance)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of GP
We have 60 other meanings of GP in our Acronym Attic
- Gregory-Portland (Corpus Christi, TX)
- Grid Position
- Grid Pulse
- Gridded Photograph
- Gross Product
- Gross Profit
- Grosse Pointe (Michigan)
- Group Poop
Samples in periodicals archive:
How many companies sell guaranteed premium contracts and hope people won't keep them?
With our partners Wynnstay and Castell Howell Foods we can offer a guaranteed market for our branded beef, which in turn offers a guaranteed premium for our members' top quality beef animals.
The cost of such cover for those who don't enjoy the financial cushion of paying guaranteed premium rates has soared in the past few months as insurers battle against the rising cost of claims on CII policies, largely brought on by improved medical screening procedures that diagnose serious illnesses earlier than before.
The father of five - twins Isabella and Romy, three, George, five, Joseph, seven, and Emily, nine - was quoted a guaranteed premium of pounds 115 a month for himself and his wife, Helen, 34.
It said its negative spread, or the gap between an insurer's guaranteed premiums and investment returns, is estimated at some 90 billion yen for the full year to March 31, 2002, up from roughly 74 billion yen in the previous year.