Glossary of Terms

The Resource Center provides a glossary of insurance terms to help you understand the various insurance wordings that may appear in your quotes, cover notes & policies.

Download this guide to Understanding Health Insurance Terms

Health Insurance
Life Insurance
Property and Casualty

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Generic Drug

A “twin” to a “brand name drug” once the brand name company’s patent has run out and other drug companies are allowed to sell a duplicate of the original. Generic drugs are cheaper, and most prescription and health plans reward clients for choosing generics.

Group Insurance

Coverage through an employer or other entity that provides coverage to all individuals in the group.