"Guaranteed minimum" refers to a certain amount or level that is promised or ensured to be provided under an agreement or situation. It means that there is a guaranteed minimum amount or condition that will be met. Full definition
Fixed annuity contracts are issued with guaranteed minimum interest rates. (ufcu.pfyfn.com)
The premiums you pay are guaranteed and you are also guaranteed a minimum rate of interest on the cash value accumulation portion on most policies. (jrcinsurancegroup.com)
However, as long as you maintain a certain premium, today's companies will usually guarantee a minimum death benefit. (1stinsurancequotes.com)