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Auto Insurance AUTO

Auto insurance protects you against loss if you have an accident.

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Homeowners Insurance HOME & RENTERS

A standard policy insures the home and the things you keep in it.

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Life Insurance LIFE

Browse a variety of insurance options in order to find the right one for you.

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RV Insurance RV

Discover insurance options to meet your specific and unique needs.

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Motorcycle & ATV Insurance MOTORCYCLE & ATV

Learn about coverage options that fit your needs.

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Boat Insurance BOAT

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Insurance Glossary

Insurance terms and definitions from REC Insurance.


Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact REC Insurance today to learn more.
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
QUALIFIED ANNUITY
A form of annuity purchased with pretax dollars as part of a retirement plan that benefits from special tax treatment, such as a 401(k) plan.


NOTICE: These glossary definitions provide a brief description of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. Additionally, this informational resource is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company, agent or agency. If you have questions about your insurance, you should contact your insurance agent, the insurance company, or the language of the insurance policy.

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Glossary content provided by Insurance Information Institute and ITC

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