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The basic income guarantee (BIG) is a government insured guarantee that no citizen's income will fall below some minimal level for any reason. All citizens would receive a BIG without means test or work requirement.
What is 'Guaranteed Investment Fund (GIF)' Guaranteed investment income is a type of investment product offered by insurance companies that allows its client to invest in an equity, bond and/or index fund while providing a promise of a predefined minimum value of the fund (usually, the initial investment amount) will be available at the fund's maturity or when the client dies.