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| Houma | | While some companies raise their | | Leasehold: An agreement which |
| Scottsdale | | prices based on your actual age, | | gives a person the right to use and |
| Albuquerque | | most companies increase the price of | | occupy property. |
| Killeen | | their policies six months before your | | |
| Toledo | | birthday. Its a term called Age | | Indemnity: Restoration to the victim of |
| Wilmington | | Nearest in the industry, and that | | a loss by payment, repair, or |
| Schaumburg | | half-year price increase could really | | replacement. |
| Lowell | | add up over a 20-year term policy. As | | |
| Bradenton | | above, the quicker you purchase your | | Liquidity: The ability of an insurer to |
| Stamford | | policy the better. | | convert its assets into cash to pay |
| Costa Mesa | | | | claims if necessary. |
| Flushing | | People who are trying to quit | | |
| Green Bay | | smoking, for example, might be best | | Net Retention: The amount of |
| Detroit | | suited purchasing a shorter term (and | | insurance that a ceding company |
| Palo Alto | | then replacing it with a longer term | | keeps for its own account and does |
| Reno | | policy when they qualify for | | not reinsure. |
| Providence | | non-tobacco prices). | | |
| Evansville | | | | Coding: A method of putting |
| Davenport | | The best time to switch policies is | | information into a numerical form for |
| Wichita Falls | | within one month of receiving your | | statistical use. Most information on |
| Silver Spring | | policy renewal from your current | | policies is coded and then put into |
| Franklin | | insurer. You can typically cancel your | | reports. |
| Muskegon | | policy without any fees or penalties if | | |
| Fort Smith | | you act within this time period. | | Substandard Risk: A risk not |
| Santa Barbara | | | | measuring up to underwriting |
| Wilmington | | Everyone has different needs, and | | standards. It may still be written but |
| Jacksonville | | not one size fits all when it comes to | | usually at a surcharged premium. |
| Conroe | | term life insurance. While it may make | | |
| Williamsburg | | sense for people in their 30s and 40s | | Agency Contract (or Agreement): The |
| Boston | | to secure a 20-year term length, a | | document which establishes the legal |
| San Bernardino | | 10-year term might be more | | relationship between an agent and an |
| Lexington | | appropriate for someone nearing | | insurer. |
| Newburgh | | retirement. | | |
| Toledo | | | | Earned Income: The money |
| Raleigh | | | | individuals earn as a result of working |
| Odessa | | | | at some job or occupation for which |
| St. Joseph | | | | they are paid a salary. |
