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| Hampton | | Individuals who have 30-year | | First Party Insurance: Insurance which |
| Bethlehem | | mortgages might want to consider a | | applies to coverage for the insured's |
| Lake Worth | | 30-year term to ensure that the house | | own property or person. Contrast with |
| Reno | | is protected throughout the period of | | Third Party Insurance. |
| Davenport | | the loan. | | |
| Orange Park | | | | Lapsed Policy: One which has been |
| Yuma | | Life insurance, specifically Term Life, | | allowed to expire because of |
| West Chester | | is arguably one of the best values in | | nonpayment of premiums. |
| Waterloo | | the entire financial services arena. | | |
| Boston | | Where else can you go and get | | Basic Rate: The manual rate from |
| Fayetteville | | hundreds of thousands of dollars in | | which discounts are taken or to which |
| Union | | protection for literally pennies per | | charges are added to reflect the |
| Newark | | day? Rates for Term Life insurance | | individual circumstances of a risk. |
| Vero Beach | | remain at all-time lows, and now is the | | |
| Springfield | | time to lock in the best prices. | | Policywriting Agent: An agent who has |
| North Hollywood | | | | the authority to prepare and effect an |
| Inglewood | | Healthy people have the best | | insurer's policy. |
| Cherry Hill | | mortality risks and thus are much | | |
| Joliet | | cheaper for companies to insure. This | | Deficit Carried Forward: The transfer |
| Rockville | | translates into lower rates for the | | of a debit balance from one |
| Lake Worth | | Super Preferred customer than | | accounting period to another. |
| Jonesboro | | someone with higher risk factors such | | |
| Kingsport | | as a heart condition, cancer or | | Substandard Risk: A risk not |
| Rome | | diabetes. Conversely, if you were | | measuring up to underwriting |
| Clearwater | | unhealthy when you acquired your | | standards. It may still be written but |
| Richmond | | policy, and your health has now | | usually at a surcharged premium. |
| Santa Barbara | | improved, it might be time to shop for | | |
| Des Moines | | a new policy, as your rates are likely | | Director of Insurance: A title used in |
| Erie | | to be lower. | | some states for the head of the |
| Vero Beach | | | | department of insurance. |
| Naperville | | Everyone has different needs, and | | |
| Spartanburg | | not one size fits all when it comes to | | Net Loss: The amount of loss |
| Vineland | | term life insurance. While it may make | | sustained by an insurer after giving |
| Morristown | | sense for people in their 30s and 40s | | effect to all applicable reinsurance, |
| Florence | | to secure a 20-year term length, a | | salvage, and subrogation recoveries. |
| Columbus | | 10-year term might be more | | |
| Newark | | appropriate for someone nearing | | |
| Hendersonville | | retirement. | | |
