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| Lafayette | | Everyone has different needs, and | | Policy Period (or Term): The period |
| Wilmington | | not one size fits all when it comes to | | during which the policy contract |
| Johnstown | | term life insurance. While it may make | | affords protection, e.g., six months or |
| Odessa | | sense for people in their 30s and 40s | | one or three years. |
| Green Bay | | to secure a 20-year term length, a | | |
| Dubuque | | 10-year term might be more | | Renewal: The reestablishment of the |
| White Plains | | appropriate for someone nearing | | in-force status of a policy, the term of |
| Florence | | retirement. | | which has expired or will expire |
| Lansing | | | | unless it is renewed. |
| Rome | | While some companies raise their | | |
| Macon | | prices based on your actual age, | | Equity: The money value of an |
| Pittsburgh | | most companies increase the price of | | insurance company that is over and |
| Detroit | | their policies six months before your | | above its liabilities. Liabilities include |
| Florence | | birthday. Its a term called Age | | almost all of its reserves. |
| Springfield | | Nearest in the industry, and that | | |
| Jacksonville | | half-year price increase could really | | Admitted (or Allowed) Assets: Assets |
| Dearborn | | add up over a 20-year term policy. As | | whose values are permitted by state |
| Texarkana | | above, the quicker you purchase your | | law to be included in the annual |
| Gainesville | | policy the better. | | statement of the insurer. |
