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| Albuquerque | | While some companies raise their | | Policywriting Agent: An agent who has |
| Dallas | | prices based on your actual age, | | the authority to prepare and effect an |
| Gaithersburg | | most companies increase the price of | | insurer's policy. |
| Vero Beach | | their policies six months before your | | |
| St. Louis | | birthday. Its a term called Age | | License: A certification of authority for |
| Norfolk | | Nearest in the industry, and that | | an agent or insurer to operate, given |
| Topeka | | half-year price increase could really | | by the appropriate jurisdiction. |
| Independence | | add up over a 20-year term policy. As | | |
| Waco | | above, the quicker you purchase your | | Commingling: An illegal practice |
| Cincinnati | | policy the better. | | which occurs when an agent mixes |
| Flushing | | | | personal funds with the insured's or |
| Little Rock | | Life insurance, specifically Term Life, | | insurer's funds. |
| York | | is arguably one of the best values in | | |
| Daytona Beach | | the entire financial services arena. | | Deductible: The portion of an insured |
| Troy | | Where else can you go and get | | loss to be borne by the insured |
| Allentown | | hundreds of thousands of dollars in | | before he is entitled to recovery from |
| Charleston | | protection for literally pennies per | | the insurer. |
| Hot Springs | | day? Rates for Term Life insurance | | |
| Cookeville | | remain at all-time lows, and now is the | | Shock Loss: A catastrophic loss so |
| Florissant | | time to lock in the best prices. | | large that it has a material effect on |
| Lima | | | | the underwriting results of a company. |
| Spring Hill | | Healthy people have the best | | |
| Kalamazoo | | mortality risks and thus are much | | Incurred Expense: Expenses not yet |
| Pueblo | | cheaper for companies to insure. This | | paid. Can also include paid |
| Clearwater | | translates into lower rates for the | | expenses in some accounting |
| Racine | | Super Preferred customer than | | systems. |
| Vineland | | someone with higher risk factors such | | |
| Kingsport | | as a heart condition, cancer or | | Expense Allowance: A compensation |
| Melbourne | | diabetes. Conversely, if you were | | paid to an insurance agent in excess |
| Metairie | | unhealthy when you acquired your | | of prescribed commissions. |
| Stuart | | policy, and your health has now | | |
| Cypress | | improved, it might be time to shop for | | Partnership Entity: The partnership |
| Glendale | | a new policy, as your rates are likely | | considered as an entity and not in |
| Lakeland | | to be lower. | | terms of its individual part-owners. |
