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Benson Kearley IFG helps you understand...

The world of insurance can be quite hard to understand. We’re here to provide you with terms you can understand, give you advice and offer our help—all right at your fingertips.

Insurance Glossary

G

GARAGING LOCATION

The postal code where your vehicle is parked or garaged when not in use. This is usually your primary residence.

GENERAL PROVISIONS

Portion of an insurance policy that specifies the obligations of the insurer and insured.

GLASS INSURANCE

Insurance against breakage of windows in an automobile or building.

GRACE PERIOD

A period after the premium due date, during which an overdue premium may be paid without penalty. The policy remains in force throughout this period.

GROWTH STOCK

Stock of a company, which has reinvestment opportunities yielding a higher return than the market (fundamental to the growth strategy of stock selection for a portfolio).

GROWTH STRATEGY

An active portfolio management style that seeks out stocks with future investment opportunities with anticipated rates of return greater than other stocks.

GUARANTEED INVESTMENT CERTIFICATE (GIC)

An investment that offers a guaranteed rate of return for a defined period of time.

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