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| Flint | | While some companies raise their | | Multi-Peril Policies: Policies which |
| Portland | | prices based on your actual age, | | cover a number of perils, such as fire, |
| Anchorage | | most companies increase the price of | | burglary, and liability, in a single |
| Bethlehem | | their policies six months before your | | contract. |
| Ogden | | birthday. Its a term called Age | | |
| Las Cruces | | Nearest in the industry, and that | | Interstate Carrier: A transportation |
| Kingsport | | half-year price increase could really | | company which does business |
| Gainesville | | add up over a 20-year term policy. As | | across state lines. |
| Madison | | above, the quicker you purchase your | | |
| Durham | | policy the better. | | Convention Values: Values assigned |
| Amarillo | | | | to insurers' assets in the convention |
| Athens | | Healthy people have the best | | blank. |
| Washington | | mortality risks and thus are much | | |
| Corpus Christi | | cheaper for companies to insure. This | | Captive Agent: One who sells |
| Goldsboro | | translates into lower rates for the | | insurance for only one company as |
| Lake Worth | | Super Preferred customer than | | opposed to an agent who represents |
| Savannah | | someone with higher risk factors such | | several companies. |
| Pembroke Pines | | as a heart condition, cancer or | | |
| Schaumburg | | diabetes. Conversely, if you were | | Claim Expense: The expense of |
| Corona | | unhealthy when you acquired your | | adjusting a claim, such as |
| York | | policy, and your health has now | | investigation and attorneys' fees. It |
| South Bend | | improved, it might be time to shop for | | does not include the cost of the claim |
| Duluth | | a new policy, as your rates are likely | | itself. |
| Hampton | | to be lower. | | |
| Winter Park | | | | Submitted Business: Applications for |
| Daytona Beach | | Everyone has different needs, and | | insurance submitted to an insurer but |
| Jackson | | not one size fits all when it comes to | | not yet acted upon by it. |
| Hickory | | term life insurance. While it may make | | |
| Warwick | | sense for people in their 30s and 40s | | Indemnify: To restore the victim of a |
| Marietta | | to secure a 20-year term length, a | | loss to the same position as before |
| Manchester | | 10-year term might be more | | the loss occurred. |
| Mobile | | appropriate for someone nearing | | |
| Montgomery | | retirement. | | Policy Period (or Term): The period |
| Springfield | | | | during which the policy contract |
| Grand Prairie | | | | affords protection, e.g., six months or |
| Goldsboro | | | | one or three years. |
