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| Orange | | Life insurance, specifically Term Life, | | Substandard Risk: A risk not |
| Biloxi | | is arguably one of the best values in | | measuring up to underwriting |
| Midland | | the entire financial services arena. | | standards. It may still be written but |
| Tallahassee | | Where else can you go and get | | usually at a surcharged premium. |
| Houma | | hundreds of thousands of dollars in | | |
| Bloomington | | protection for literally pennies per | | Indemnify: To restore the victim of a |
| Downey | | day? Rates for Term Life insurance | | loss to the same position as before |
| Allentown | | remain at all-time lows, and now is the | | the loss occurred. |
| Monroe | | time to lock in the best prices. | | |
| Allentown | | | | Short Rate Premium: The premium |
| Jacksonville | | Make sure you have a new policy in | | required for issuing a policy for a |
| Independence | | place before you cancel your old one | | period less than its normal term. |
| Waco | | to avoid a lapse in coverage. This will | | |
| Washington | | also prevent having to figure out the | | Multi-Peril Policies: Policies which |
| Macon | | amount of any unused premium that is | | cover a number of perils, such as fire, |
| Atlanta | | due to you from your old insurance | | burglary, and liability, in a single |
| Huntington | | company, or having to spar with your | | contract. |
| Jacksonville | | agent about exactly when your policy | | |
| Frederick | | was cancelled and how much they | | Coding: A method of putting |
| Columbia | | owe you. | | information into a numerical form for |
| Lansing | | | | statistical use. Most information on |
| Orange | | The quickest and easiest way to | | policies is coded and then put into |
| Youngstown | | shop for new insurance is by | | reports. |
| Jacksonville | | comparing rates at InsWebs online | | |
| Stockton | | marketplace. If you do it the | | Broker of Record: A broker who has |
| Lowell | | old-fashioned way (by calling or | | been designated to handle certain |
| Johnstown | | visiting multiple agents or insurance | | insurance contracts for the |
| Metairie | | companies) it could take up a huge | | policyholder. |
| Roanoke | | chunk of your time, which no one | | |
| York | | wants or needs. By completing | | Initial Premium: An amount paid at the |
| Providence | | InsWebs online application, you will | | inception of an insurance contract, |
| Fort Wayne | | have rates to compare to your old | | usually subject to adjustment at the |
| Lakeland | | ones within minutes! | | end of the policy period. |
