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| Edmond | | While some companies raise their | | Endorsement: A written or printed form |
| Toledo | | prices based on your actual age, | | attached to the policy which alters |
| Sumter | | most companies increase the price of | | provisions of the contract. |
| Cedar Rapids | | their policies six months before your | | |
| El Paso | | birthday. Its a term called Age | | Depreciation: A decrease in the value |
| Mesquite | | Nearest in the industry, and that | | of any type of tangible property over |
| Toledo | | half-year price increase could really | | a period of time resulting from use, |
| Wichita | | add up over a 20-year term policy. As | | wear and tear, or obsolescence. |
| Fayetteville | | above, the quicker you purchase your | | |
| Oakland | | policy the better. | | Premium Notice: A form notice from |
| Westbury | | | | an insurer or agency to a policy |
| Cincinnati | | Everyone has different needs, and | | owner that a premium will be due on a |
| Stamford | | not one size fits all when it comes to | | given date. |
| Hollywood | | term life insurance. While it may make | | |
| Yonkers | | sense for people in their 30s and 40s | | Broker-Agent: One acting as an agent |
| Athens | | to secure a 20-year term length, a | | of one or more insurers and as a |
| Wichita Falls | | 10-year term might be more | | broker in dealing with one or more |
| Aurora | | appropriate for someone nearing | | other insurers. |
| Hendersonville | | retirement. | | |
| Wichita | | | | Premium Receipt: The receipt given |
| Greensboro | | People who are trying to quit | | a policy owner for the payment of a |
| St. Paul | | smoking, for example, might be best | | premium. |
| Santa Monica | | suited purchasing a shorter term (and | | |
| Dayton | | then replacing it with a longer term | | Calendar Year Experience: This |
| Akron | | policy when they qualify for | | measures the premiums and losses |
| Wichita Falls | | non-tobacco prices). | | entered on accounting records during |
| Santa Rosa | | | | the 12-month calendar. |
| Mansfield | | Healthy people have the best | | |
| Escondido | | mortality risks and thus are much | | Cut Rate: This term generally applies |
| Philadelphia | | cheaper for companies to insure. This | | to insurance companies who charge |
| Fresno | | translates into lower rates for the | | premiums below a normal or average |
| Hampton | | Super Preferred customer than | | rate. |
| Santa Ana | | someone with higher risk factors such | | |
| Olympia | | as a heart condition, cancer or | | Retrospective Premium: The final |
| Lubbock | | diabetes. Conversely, if you were | | premium in a retrospective rating |
| Jackson | | unhealthy when you acquired your | | plan. See Retrospective Rating. |
| Pensacola | | policy, and your health has now | | |
| Anderson | | improved, it might be time to shop for | | |
| Toms River | | a new policy, as your rates are likely | | |
| Pueblo | | to be lower. | | |
