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Type of Insurance

Electric Insurance Company Home Insurance Personal Finance video reviews

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Telephone:800-227-2757
Reseller or Type:Type of Insurance
Type:Home
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Details: Electric Insurance is a direct writer (no commissioned agents) of auto and homeowners insurance. The company was founded in 1966 principally to serve the personal insurance needs of General Electric employees, and has since expanded to the general public. Today, Electric Insurance insures approximately 125,000 policyholders and is licensed to operate in 47 states (with the exception of Hawaii, Nevada & Michigan).

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Glossary

Single-Premium Whole Life Insurance – insurance term definition

single-premium whole life insurance: A whole life policy that provides protection for the duration of the insured’s life in exchange for the payment of the total premium in one lump sum at the time of application.

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Type of Insurance

Country Mutual Insurance Personal Finance video reviews

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Reseller or Type:Type of Insurance
Type:Auto
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Details: Country Life Insurance Company(r) began offering life insurance in 1929. Today, the Country Companies offer urban and rural families top-quality insurance products backed by a caring agent force and solid financial strength.

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Glossary

Short-Term Disability Income Insurance – insurance term definition

short-term disability income insurance: Insurance that provides benefits only for loss from illness or disease and excludes loss from accident or injury.

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Type of Insurance

Northwest Mutual Life Life Insurance Personal Finance video reviews

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Telephone:414-271-1444
Reseller or Type:Type of Insurance
Type:Life
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Details: Known as “The Quiet Company,” Northwestern Mutual is the nation’s leading provider of individual life insurance, with over $585 billion of individual life insurance in force.

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Glossary

Severity – insurance term definition

severity: The ultimate loss on a mortgage incurred by an insurer as a percentage of the insurer’s exposure.

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Type of Insurance

Wawanesa Auto Insurance Personal Finance video reviews

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Telephone:858-874-5300
Reseller or Type:Type of Insurance
Type:Auto
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Details: Wawanesa underwrites full coverage Automobile, Homeowners, and Condominium Insurance. Private Passenger Automobile and Physical Damage coverages are written at preferred-risk rates ranging from 25% to 35% below standard manual rates.

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Glossary

Settlement Options – insurance term definition

settlement options: One of several ways, other than immediate payment in a lump sum, in which the insured or beneficiary may choose to have policy proceeds paid.

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Type of Insurance

Erie Auto Insurance Personal Finance video reviews

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Telephone:800-458-0811
Reseller or Type:Type of Insurance
Type:Auto
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Details: Founded on April 20, 1925 by H. O. Hirt and O. G. Crawford in Erie,Pennsylvania, The ERIE now has a licensed agency force of more than 4,000 licensed agents representing more than 1,100 independent agencies that sell AUTO, HOME, LIFE and BUSINESS insurance in ten states and the District of Columbia. Our founding principle guides us in all we do: “To provide our policyholders with as near perfect protection, as near perfect service as is humanly possible and to do so at the lowest possible cost.”

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Glossary

Separate Account – insurance term definition

separate account: An asset account established by a life insurance company separate from other funds, used primarily for pension plans and variable life products. This arrangement permits wider latitude in the choice of investments, particularly in equities.

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