GLOSSARY TERMS & DEFINITIONS

Not sure what an insurance word means?     

Can't understand our industry's Weird & Complex LINGO?

Below we have provided a compiled glossary/dictionary that is based on the most typical and common Insurance Terms & Definitions used in the industry. Please be advised that any Coverages and/or Benefits listed below may not be available in your state and could be subject to actual policy language. Some coverages and/or benefits might be offered at an additional cost if they are available and applicable to your specific policy.

 

If you need better clarification or a few examples of the definitions/benefits, please feel free to contact one of our knowledgeable independent agents at Reliable Insurance who are always eager and happy to speak to you about anything insurance related! We Hablamos Insurance!

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Q

QUALIFIED ANNUITY
A form of annuity purchased with pre-taxed dollars as part of a retirement plan that benefits from special tax treatment, such as a 401(k) plan.

QUOTE

A price estimation determined on the factors provided by a consumer. Subject to change after information verification, such as: Credit Score, Claims History and other factors that may be used in price and premium ratings.