I.I.I. Glossary

RENTERS INSURANCE- A form of insurance that covers a policyholder’s belongings against perils such as fire, theft, windstorm, hail, explosion, vandalism, riots, and others. It also provides personal liability coverage for damage the policyholder or dependents cause to third parties. It also provides additional living expenses, known as loss-of-use coverage, if a policyholder must move while his or her dwelling is repaired. It also can include coverage for property improvements. Possessions can be covered for their replacement cost or the actual cash value that includes depreciation.

A-SHARE VARIABLE ANNUITY- A form of variable annuity contract where the contract holder pays sales charges up front rather than eventually having to pay a surrender charge.