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| Corona | | Shopping around is the best way to | | Book Value: Refers to the value of |
| Joliet | | save money on your insurance. | | assets as shown in the official |
| Indianapolis | | | | accounting records of the company. |
| Hot Springs | | People who are trying to quit | | |
| Delray Beach | | smoking, for example, might be best | | Open Rating: A system whereby a |
| Toms River | | suited purchasing a shorter term (and | | state allows an insurer to use rates |
| Las Vegas | | then replacing it with a longer term | | without prior approval. |
| Hollywood | | policy when they qualify for | | |
| Williamsport | | non-tobacco prices). | | Renewal: The reestablishment of the |
| Nashua | | | | in-force status of a policy, the term of |
| Columbia | | Everyone has different needs, and | | which has expired or will expire |
| Vero Beach | | not one size fits all when it comes to | | unless it is renewed. |
| Sunnyvale | | term life insurance. While it may make | | |
| Newark | | sense for people in their 30s and 40s | | Brokerage Business: Business |
| Anderson | | to secure a 20-year term length, a | | offered to an insurer by a broker. This |
| Southfield | | 10-year term might be more | | is sometimes called excess or |
| Panama City | | appropriate for someone nearing | | surplus business. |
| Kingsport | | retirement. | | |
| Virginia Beach | | | | Effective Date: The date on which the |
| Racine | | Healthy people have the best | | protection of an insurance policy or |
| Greenville | | mortality risks and thus are much | | bond goes into effect. |
| Chandler | | cheaper for companies to insure. This | | |
| Denton | | translates into lower rates for the | | Burning Ratio: The ratio of losses |
| Bloomington | | Super Preferred customer than | | suffered to the amount of insurance in |
| Fort Smith | | someone with higher risk factors such | | effect. |
| Allentown | | as a heart condition, cancer or | | |
| Sioux City | | diabetes. Conversely, if you were | | Interline Endorsement: Commercial |
| Spokane | | unhealthy when you acquired your | | endorsements that apply, or could |
| Billings | | policy, and your health has now | | apply, to more than one coverage |
| Anderson | | improved, it might be time to shop for | | part of a package policy. |
| Walnut Creek | | a new policy, as your rates are likely | | |
| Silver Spring | | to be lower. | | Premises: The particular location of |
| Indianapolis | | | | property or a portion thereof as |
| Slidell | | Individuals who have 30-year | | designated in a policy. |
| Torrance | | mortgages might want to consider a | | |
| Duluth | | 30-year term to ensure that the house | | |
| Jackson | | is protected throughout the period of | | |
| Ogden | | the loan. | | |
