Call Us Today! ☰ ˟
Logo
Call Us today
  • Home
  • Get a Quote
    • Annuity Quote Form
    • AutoImage of right arrow
      • Auto Insurance Quote - Belpre
      • Auto Insurance Quote - Coolville
      • Auto Insurance Quote - Marietta
      • Auto Insurance Quote - Pomeroy
      • Auto Insurance Quote - Athens
    • Business & Commercial Insurance Quote FormsImage of right arrow
      • Business Owners (BOP) Quote Form
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Liquor Liability Quote Form
    • Farm Quote Request
    • Flood Quote Form
    • Health Insurance Quote FormsImage of right arrow
      • Disability Insurance Quote
      • Health Insurance Quote
    • Homeowners Insurance Quote FormsImage of right arrow
      • Homeowner Flood Quote Form
      • Homeowners Insurance Quote - Belpre
      • Homeowners Insurance Quote - Coolville
      • Homeowners Insurance Quote - Marietta
      • Homeowners Insurance Quote - Pomeroy
      • Manufactured Home Quote
    • Life Insurance Quote FormsImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle Insurance Quote
    • Renters Insurance Quote
    • Truck Quote Request
  • Customer Service
  • Blog
  • Make A Payment
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About us
    • About UsImage of right arrow
      • Coolville
      • Pomeroy
      • Belpre
      • Marietta
      • Racine
      • Athens
    • Employee Directory
    • Privacy Policy
    • Partners Page
  • Contact
    • Contact Us
    • Our Locations
Home > Glossary > J

Insurance Glossary

Insurance terms and definitions from The Simmons Insurance Group.


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 The Simmons Insurance Group 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
JOINT AND SURVIVOR ANNUITY
An annuity with two annuitants, usually spouses. Payments continue until the death of the longest living of the two.

JOINT UNDERWRITING ASSOCIATION / JUA
Insurers which join together to provide coverage for a particular type of risk or size of exposure, when there are difficulties in obtaining coverage in the regular market, and which share in the profits and losses associated with the program. JUAs may be set up to provide auto and homeowners insurance and various commercial coverages, such as medical malpractice

JUNK BONDS
Corporate bonds with credit ratings of BB or less. They pay a higher yield than investment grade bonds because issuers have a higher perceived risk of default. Such bonds involve market risk that could force investors, including insurers, to sell the bonds when their value is low. Most states place limits on insurers’ investments in these bonds. In general, because property/casualty insurers can be called upon to provide huge sums of money immediately after a disaster, their investments must be liquid. Less than 2 percent are in real estate and a similarly small percentage are in junk bonds.


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.

Insurance Websites Designed and Hosted by Insurance Website Builder
Glossary content provided by Insurance Information Institute and ITC

AetnaLogo
AnthemLogo
Carrier
Carrier
Carrier
GuardianLogo
Carrier
LincolnLogo
Medical Mutual Logo
Carrier
Carrier
Carrier
Carrier
United Health Logo
Carrier
Carrier
Home| Get A Quote| Customer Service| Blog| About Us| Contact
Coolville
2501 Cemetery Street Coolville, OH 45723 Phone:740-667-3111
Pomeroy
196 E 2nd St Pomeroy, OH 45769 Phone:740-992-3381
Belpre
1719 Washington Boulevard Belpre, OH 45714 Phone:740-423-7871
Marietta
323 Second Street Marietta, OH 45750 Phone:740-373-5383
Racine
502 Elm St Racine, OH 45771 Phone:740-949-3138
Athens
408 Richland Ave Suite 101 Athens, OH 45701 Phone:740-249-4571
Social
Logo

Powered by Insurance Website Builder