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| San Diego | | Everyone has different needs, and | | Buy-Back" Deductible: A deductible |
| Tulsa | | not one size fits all when it comes to | | which may be eliminated for an |
| Racine | | term life insurance. While it may make | | additional premium in order to |
| Silver Spring | | sense for people in their 30s and 40s | | provide "first-dollar" coverage. |
| Macon | | to secure a 20-year term length, a | | |
| Orange | | 10-year term might be more | | Agency Contract (or Agreement): The |
| Bakersfield | | appropriate for someone nearing | | document which establishes the legal |
| Boise | | retirement. | | relationship between an agent and an |
| Evanston | | | | insurer. |
| Cincinnati | | People who are trying to quit | | |
| Rochester | | smoking, for example, might be best | | Brokerage Business: Business |
| Palm Desert | | suited purchasing a shorter term (and | | offered to an insurer by a broker. This |
| Elkhart | | then replacing it with a longer term | | is sometimes called excess or |
| Duluth | | policy when they qualify for | | surplus business. |
| Tacoma | | non-tobacco prices). | | |
| Westbury | | | | Admitted (or Allowed) Assets: Assets |
| White Plains | | Individuals who have 30-year | | whose values are permitted by state |
| Scranton | | mortgages might want to consider a | | law to be included in the annual |
| Hemet | | 30-year term to ensure that the house | | statement of the insurer. |
| Clearwater | | is protected throughout the period of | | |
| Daytona Beach | | the loan. | | Premium: The price of insurance |
| Canton | | | | protection for a specified risk for a |
| New Port Richey | | At InsWeb, you can compare free | | specified period of time. |
| Troy | | online insurance quotes from many of | | |
| Edmond | | the nations leading insurance | | Preferred Risk: Any risk considered |
| Grand Prairie | | companies. | | to be better than the standard risk on |
| Mountain View | | | | which the premium rate was |
| Decatur | | Healthy people have the best | | calculated. |
| Mountain View | | mortality risks and thus are much | | |
| Franklin | | cheaper for companies to insure. This | | Replacement: A new policy written to |
| Vancouver | | translates into lower rates for the | | take the place of one currently in force. |
| Beaumont | | Super Preferred customer than | | |
| Grand Junction | | someone with higher risk factors such | | Borderline Risk: An insurance |
| Frederick | | as a heart condition, cancer or | | prospect of doubtful quality from an |
| Yuma | | diabetes. Conversely, if you were | | underwriting point of view. |
| Tempe | | unhealthy when you acquired your | | |
| Gainesville | | policy, and your health has now | | |
| Tulsa | | improved, it might be time to shop for | | |
| St. Louis | | a new policy, as your rates are likely | | |
| El Paso | | to be lower. | | |
