What Does Modified Guaranteed Mean?

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What does Modified Guaranteed mean? Read on to discover the definition & meaning of the term Modified Guaranteed - to help you better understand the language used in insurance policies.

Modified Guaranteed

Modified Guaranteed

an annuity that contains a provision that adjusts the value of withdrawn funds based on a formula in the contract. The formula reflects market value adjustments.

We hope the you have a better understanding of the meaning of Modified Guaranteed.

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