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

Home Service Industrial Insurance

See Industrial Life Insurance.

Home Service Life Insurance

See Industrial Life Insurance.

Home Service Ordinary

A monthly premium policy of Ordinary Life Insurance, not Industrial, with the premiums collected according to the debit system.

Human Life Value

A method of determining Life Insurance needs by considering a person’s income, expenses, remaining years of earning capacity, and depreciation in the value of the dollar over time.