Finding the right verbiage or definition for an insurance term can be difficult. Like many other industries, insurance has numerous keywords and terms that describe products, services and processes. If you don’t work in this industry or you purchasing insurance is new to you then the verbiage can be overwhelming.
We’ve compiled a list of auto insurance, health insurance, home insurance and life insurance definitions for your reference. We’ve done our best to explain these terms as specifically and generic as possible. Below are some of the most commonly used terms. Please don’t hesitate to contact us if there is a specific word that you are unfamiliar with that is not in our insurance dictionary.
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- Whole Life Insurance
- What is a Universal Life Insurance?
- Waiver of Premium
- Waiting Period
- Voluntary Reserve
- Viatical Settlement Provider
- Variable Universal Life Insurance
- Variable Annuitization