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| Midland | | Individuals who have 30-year | | Lapsed Policy: One which has been |
| Springfield | | mortgages might want to consider a | | allowed to expire because of |
| Gulfport | | 30-year term to ensure that the house | | nonpayment of premiums. |
| Decatur | | is protected throughout the period of | | |
| Muskegon | | the loan. | | Net Retention: The amount of |
| Pembroke Pines | | | | insurance that a ceding company |
| Bronx | | Everyone has different needs, and | | keeps for its own account and does |
| Fullerton | | not one size fits all when it comes to | | not reinsure. |
| Santa Ana | | term life insurance. While it may make | | |
| Saginaw | | sense for people in their 30s and 40s | | Gross Premium: The net premium |
| Kingsport | | to secure a 20-year term length, a | | plus operating expenses, |
| Savannah | | 10-year term might be more | | commissions and other expenses. |
| Miami | | appropriate for someone nearing | | |
| Slidell | | retirement. | | Fictitious Groups: Groups formed |
| Lakewood | | | | primarily for the purpose of buying |
| Santa Clara | | At InsWeb, you can compare free | | insurance. Under the law such groups |
| Metairie | | online insurance quotes from many of | | may not be underwritten. |
| Vero Beach | | the nations leading insurance | | |
| Franklin | | companies. | | Insurance to Value: Insurance written |
| Sarasota | | | | in an amount approximating the value |
| Bethlehem | | The best time to switch policies is | | of the property insured. |
| Mobile | | within one month of receiving your | | |
| Bay City | | policy renewal from your current | | Claim Expense: The expense of |
| Sioux Falls | | insurer. You can typically cancel your | | adjusting a claim, such as |
| Columbus | | policy without any fees or penalties if | | investigation and attorneys' fees. It |
| Flint | | you act within this time period. | | does not include the cost of the claim |
| Metairie | | | | itself. |
| Yuma | | Healthy people have the best | | |
| Lawton | | mortality risks and thus are much | | Professional Insurance Agents |
| Kalamazoo | | cheaper for companies to insure. This | | Association: A trade association of |
| Philadelphia | | translates into lower rates for the | | mutual insurance agents. |
| Winter Haven | | Super Preferred customer than | | |
| Little Rock | | someone with higher risk factors such | | Insurance Policy: The printed form |
| Mesquite | | as a heart condition, cancer or | | which serves as the contract between |
| Columbia | | diabetes. Conversely, if you were | | an insurer and an insured. |
| Fort Worth | | unhealthy when you acquired your | | |
| Sacramento | | policy, and your health has now | | |
| Midland | | improved, it might be time to shop for | | |
| Greenville | | a new policy, as your rates are likely | | |
| Irving | | to be lower. | | |
