GIC – Guaranteed Interest Contract

GIC - Guaranteed Interest Contract

... around 1980, with the growth of 401(k) and defined contribution pension plans, insurance companies entered the guaranteed interest contract (GIC) business.

2005 - SOA - A Strategic Analysis of The U.S. Life Insurance Industry Part II: Products, A look at the evolution and growth of U.S. life insurance industry products, By Narayan Shankar, Society of Actuaries - [link]

1978 - ABA - The SEC Looks at the Insurance Business, Samuel C. Cantor, The Forum, Samuel C. Cantor, (American Bar Association. Section of Insurance, Negligence and Compensation Law), Vol. 13, No. 3 (Spring 1978), pp. 735-753 - 19p
- In my judgment one of the major issues confronting the insurance industry today is that which is involved in the present SEC study regarding the so-called guaranteed interest contracts. <WishList>