A guaranteed investment contract is a legal document which is issued by insurance companies that guarantees the investor repayment of the principal amount plus a fixed or floating rate of interest for a specific amount of time. It is regarded to be more risky because the insurance firm takes all the market and credit risks, and the insurance firm, not any government agency, is responsible for returning the money.
You can Download the Free Guaranteed Investment Contract form, customize it according to your needs and Print. Guaranteed Investment Contract is either in MS Word, Excel or in PDF.
Sample Guarantee Investment Contract:
This contract is effective as of the 6th September, 2011 and shall continue for 10 years, that is the term of the contract, thereby the termination date being 6th September, 2021.
This agreement has been made between the parties with the following details:
Name: New Age Inc
Address: 212 Avenue, Boston
Contact number: 61793856729
INSURANCE FIRM DETAILS
Name of insurance firm: Safe Cover Group
Address: 332 Avenue, Boston
Contact number: 61739507875
Investment amount: $150,000
Fixed rate of interest: 8%
Duration: 10 years
- The INSURANCE FIRM and the CLIENT hereby agree to enter into a contract where the INSURANCE FIRM guarantees return of the CLIENT’S original investment amount of $150,000.
- Besides paying back the principal amount, the BANK will pay to the CLIENT a fixed rate of interest of 8% on the $150,000 invested by the CLIENT over a period of 10 years.
- The CLIENT understands the market risks involved in the contract and both parties agree to the terms and conditions.
Signature: Adam Milligan
Designation: Manager, New Age Inc
Signature: Nora Gomez
Designation: Manager, Save Cover Group