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| Peoria | | Everyone has different needs, and | | Incurred Expense: Expenses not yet |
| Columbus | | not one size fits all when it comes to | | paid. Can also include paid |
| Stockbridge | | term life insurance. While it may make | | expenses in some accounting |
| Newport News | | sense for people in their 30s and 40s | | systems. |
| Jersey City | | to secure a 20-year term length, a | | |
| Clarksville | | 10-year term might be more | | War Risk Insurance: Insurance |
| Pembroke Pines | | appropriate for someone nearing | | covering damage caused by war. |
| Henderson | | retirement. | | Most often written by Ocean Marine |
| Malden | | | | Insurance companies covering |
| Kingsport | | While some companies raise their | | vessels. |
| Valdosta | | prices based on your actual age, | | |
| Odessa | | most companies increase the price of | | Federal Deposit Insurance |
| Rapid City | | their policies six months before your | | Corporation (FDIC): An agency of the |
| Long Beach | | birthday. Its a term called Age | | federal government which insures |
| Wilmington | | Nearest in the industry, and that | | bank deposits up to a stated |
| Yuma | | half-year price increase could really | | maximum. |
| Anaheim | | add up over a 20-year term policy. As | | |
| Grand Prairie | | above, the quicker you purchase your | | Open Rating: A system whereby a |
| Vero Beach | | policy the better. | | state allows an insurer to use rates |
| Albany | | | | without prior approval. |
| Oakland | | If you decide to cancel your policy | | |
| Lancaster | | (after acquiring new coverage) | | Mutualization: The process of |
| Portland | | outside of the 30-day period, you may | | converting a stock insurer to a mutual |
| Escondido | | have to pay a fee or penalty. | | insurer, accomplished by having the |
| San Antonio | | However, you may still save money | | insurer buy stock and retire it. |
| St. Louis | | after paying the fee if your new policy | | |
| Toms River | | affords you significant savings. So | | Liquidity: The ability of an insurer to |
| Richmond | | while it is best to wait until your | | convert its assets into cash to pay |
| Decatur | | receive your renewal notice, you CAN | | claims if necessary. |
| Chandler | | cancel your policy at any time. | | |
| Portsmouth | | | | Interline Endorsement: Commercial |
| Springfield | | Individuals who have 30-year | | endorsements that apply, or could |
| Abilene | | mortgages might want to consider a | | apply, to more than one coverage |
| Indianapolis | | 30-year term to ensure that the house | | part of a package policy. |
| Arlington | | is protected throughout the period of | | |
| Franklin | | the loan. | | |
