Top 10 English Slangs for Insurance Estate Planner

Top 10 English Slangs for Insurance Estate Planner 1. Policy Jargon Understanding terms like 'deductible,' 'premium,' and 'coverage' is crucial for any insurance estate planner. These terms form the foundation of insurance policies and knowing them inside out will make your job much easier. 2. Underwriting Lingo When it comes to underwriting, phrases like 'risk assessment,' 'loss ratio,' and 'actuarial tables' are commonly used. Familiarizing yourself with these terms will help you analyze and evaluate insurance applications effectively. 3. Claims Slang In the world of insurance claims, phrases like 'subrogation,' 'adjuster,' and 'indemnity' are frequently used. Understanding these terms will enable you to handle claims efficiently and ensure fair settlements. 4. Broker Buzzwords If you're working as an insurance broker, knowing slangs like 'commission,' 'binding authority,' and 'binder' is essential. These terms are often used in negotiations and policy placements. 5. Reinsurance Jargon