| | | | |
|
| Green Bay | | Individuals who have 30-year | | Burning Ratio: The ratio of losses |
| Palm Desert | | mortgages might want to consider a | | suffered to the amount of insurance in |
| Muskegon | | 30-year term to ensure that the house | | effect. |
| Stockbridge | | is protected throughout the period of | | |
| Springfield | | the loan. | | Insurance Policy: The printed form |
| Palm Desert | | | | which serves as the contract between |
| Stamford | | Life insurance, specifically Term Life, | | an insurer and an insured. |
| Pueblo | | is arguably one of the best values in | | |
| Philadelphia | | the entire financial services arena. | | Loss Frequency: The number of times |
| Salt Lake City | | Where else can you go and get | | a loss occurs over a specific period |
| Independence | | hundreds of thousands of dollars in | | of time. |
| Jackson | | protection for literally pennies per | | |
| Toms River | | day? Rates for Term Life insurance | | Preferred Risk: Any risk considered |
| Muskegon | | remain at all-time lows, and now is the | | to be better than the standard risk on |
| Texarkana | | time to lock in the best prices. | | which the premium rate was |
| Wilmington | | | | calculated. |
| Biloxi | | If you have noticed that your auto | | |
| Worcester | | insurance rates are still increasing | | Agency Contract (or Agreement): The |
| Burbank | | with each renewal, or even have not | | document which establishes the legal |
| Williamsport | | gone down even though you have a | | relationship between an agent and an |
| Kansas City | | great driving record, this lower pricing | | insurer. |
| Irvine | | trend makes it more important then | | |
| Columbia | | ever that you shop around for auto | | Broker of Record: A broker who has |
| Miami | | insurance. | | been designated to handle certain |
| Longmont | | | | insurance contracts for the |
| Hendersonville | | Why not take advantage of current | | policyholder. |
| High Point | | low prices? Many auto insurance | | |
| Tempe | | consumers are becoming educated | | Inspection: Independent checking on |
| Nashua | | on other companies, plans, and rates | | facts about an applicant, |
| Springfield | | that are available to them; ones that | | policyholder, or claimant, usually by a |
| Frederick | | could afford them significant savings | | commercial inspection agency. |
| Kansas City | | on their auto insurance. | | |
| Springfield | | | | Captive Agent: One who sells |
| Manchester | | While some companies raise their | | insurance for only one company as |
| Sacramento | | prices based on your actual age, | | opposed to an agent who represents |
| Bloomington | | most companies increase the price of | | several companies. |
| Hollywood | | their policies six months before your | | |
| Denton | | birthday. Its a term called Age | | |
| Killeen | | Nearest in the industry, and that | | |
| Columbus | | half-year price increase could really | | |
| Lowell | | add up over a 20-year term policy. As | | |
| Allentown | | above, the quicker you purchase your | | |
| Toms River | | policy the better. | | |
