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Home > Glossary > Q

Insurance Glossary

Insurance terms and definitions from Gilles Smith Purdum Insurance Agency, LLC.


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 Gilles Smith Purdum Insurance Agency, LLC 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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Mission Statement Gilles Smith Purdum Insurance Agency’s mission is to help past, current, and future clients to better understand the purpose of insurance by educating them about their financial risks and how to protect themselves by minimizing those risks. To help them understand concepts and empower them to make educated choices regarding their coverage and policies and to help guide them during the decision-making process. We strive to provide our clients with the best service, coverage, and competitive prices by partnering with insurance carriers that share our vision of a truly consultative approach to being an Insurance Agent.

333 Norton Rd.
Columbus, Ohio 43228

Ph: 614-878-0240
Fx: 614-878-8445
E: info@gsp-insurance.com


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