Jerry Brunson Insurance Agency
 Managing today's risks to ensure tomorrow's rewards
Home           Online Quotes           Ask the Expert           Free Reports           Insurance Glossary          
      
  - J -       Insurance Glossary

Please choose the letter you wish to define:
  A  
  N  
  B  
  O  
  C  
  P  
  D  
  Q  
  E  
  R  
  F  
  S  
  G  
  T  
  H  
  U  
  I  
  V  
  J  
  W  
  K  
  4  
  L  
  5  
  M  
 

  • 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. (See Assigned risk plans; Residual market)

  • 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.

 

Please choose the letter you wish to define:
  A  
  N  
  B  
  O  
  C  
  P  
  D  
  Q  
  E  
  R  
  F  
  S  
  G  
  T  
  H  
  U  
  I  
  V  
  J  
  W  
  K  
  4  
  L  
  5  
  M  
 

Insurance Glossary is Owned and Copyrighted by the Insurance Information Institute.
Jerry Brunson Insurance Agency Uses This Glossary By Permission.

 

Online Quotes   |   Ask the Expert   |   Free Reports

Insurance Glossary   |   Testimonials   |   Return Home

 
Jerry Brunson Insurance Agency
924A Merchants Walk
Huntsville AL 35801
Map to Office		      Office: 
Fax: 
Email: 		 256.536.5555
256.536.5561
info@jerrybrunson.com

Important Note: This website provides only a simplified description of coverages and is not a statement of contract. Coverage may not apply in all states. For complete details of coverages, conditions, limits and losses not covered, be sure to read the policy, including all endorsements.

   

© Copyright Jerry Brunson Insurance Agency       Website design by Enhanced Web Services