☰ ˟
Español Call Us
10535 Paramount Blvd, Ste 100, Downey, CA 90241
Logo 562-806-0778
Español Get A Quote
  • Our Agency
    • About UsImage of right arrow
      • About The Owner
    • The Point Insurance Blog
    • Our Office
    • Our Newsletter
    • Our ProvidersImage of right arrow
      • File a Claim
    • Careers at The Point Insurance
    • Testimonials
    • Contact UsImage of right arrow
      • The Point Insurance Services Inc.
      • Our Location
  • Products
    • Auto Insurance
    • Home Insurance
    • Other Personal Insurance
    • Life Insurance
    • Health Insurance
    • Recreational Vehicle Insurance
    • Additional Insurance Services
    • Coverage for Specific Industries
    • Coverage for Your Business
    • Coverage for Your Employees
    • Commercial ProductsImage of right arrow
      • Coverage for Specific Industries
      • Coverage for Your Business
      • Coverage for Your Employees
    • Personal ProductsImage of right arrow
      • Auto Insurance
      • Home Insurance
      • Other Personal Insurance
      • Life Insurance
      • Health Insurance
      • Recreational Vehicle Insurance
      • Additional Insurance Services
  • Get A Quote
    • Auto Insurance Quote
    • Business Owners (BOP) Quote Form
    • Commercial Auto Quote From
    • General Liability Quote Form
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Workers Compensation Quote Form
  • Resources
    • Refer a friend
    • Important Links
    • Insurance Glossary
    • Privacy Policy
  • Contact
  • Blog
Get A Quote Auto
Get A Quote Home
Get A Quote Commercial
Get A Quote Life
Home > Glossary > J

Insurance Glossary

Insurance terms and definitions from The Point Insurance Services.


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 Point Insurance Services 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

Insure Your Needs
Resources
Products
About Us
Refer A Friend
Our Carriers
Contact Us
Contact Us
10535 Paramount Blvd, Ste 100
Downey, CA 90241

P: 562-806-0778
E: info@thepointagency.com
© Copyright. All rights reserved. Powered by Insurance Website Builder.