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| Oakland | | Individuals who have 30-year | | Submitted Business: Applications for |
| Cedar Rapids | | mortgages might want to consider a | | insurance submitted to an insurer but |
| Council Bluffs | | 30-year term to ensure that the house | | not yet acted upon by it. |
| Tacoma | | is protected throughout the period of | | |
| St. Joseph | | the loan. | | FICA. Federal Insurance Contributions |
| Winter Park | | | | Act: A law imposing a payroll tax to |
| Charlotte | | Healthy people have the best | | assist in funding Social Security |
| Edison | | mortality risks and thus are much | | benefits. |
| Pittsburgh | | cheaper for companies to insure. This | | |
| Franklin | | translates into lower rates for the | | Fiduciary: A person holding the funds |
| York | | Super Preferred customer than | | or property of another in a position of |
| Philadelphia | | someone with higher risk factors such | | trust. An example would be the |
| Richmond | | as a heart condition, cancer or | | executor of an estate. |
| Spring Hill | | diabetes. Conversely, if you were | | |
| Bellevue | | unhealthy when you acquired your | | Mandatory Valuation Reserve: A |
| Goldsboro | | policy, and your health has now | | reserve required by a state law to |
| Jersey City | | improved, it might be time to shop for | | offset any declines in the valuation of |
| Frederick | | a new policy, as your rates are likely | | securities listed as admitted assets. |
| Billings | | to be lower. | | |
| Jackson | | | | Net Loss: The amount of loss |
| Quincy | | People who are trying to quit | | sustained by an insurer after giving |
| Independence | | smoking, for example, might be best | | effect to all applicable reinsurance, |
| Wilmington | | suited purchasing a shorter term (and | | salvage, and subrogation recoveries. |
| Irving | | then replacing it with a longer term | | |
| Manchester | | policy when they qualify for | | Liquidity: The ability of an insurer to |
| Acworth | | non-tobacco prices). | | convert its assets into cash to pay |
| Englewood | | | | claims if necessary. |
| Nashville | | While some companies raise their | | |
| Washington | | prices based on your actual age, | | Malicious Mischief: Similar to |
| Peoria | | most companies increase the price of | | vandalism. Purposely damaging the |
| Hot Springs | | their policies six months before your | | rights or property of another. |
| Mansfield | | birthday. Its a term called Age | | |
| Omaha | | Nearest in the industry, and that | | Adjustment Bureau: A firm organized |
| Schaumburg | | half-year price increase could really | | to provide adjustment services to |
| San Bernardino | | add up over a 20-year term policy. As | | insurers not wishing to create their |
| Tuscaloosa | | above, the quicker you purchase your | | own claims division. |
| Goldsboro | | policy the better. | | |
