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| Providence | | Life insurance, specifically Term Life, | | Book Value: Refers to the value of |
| Kingsport | | is arguably one of the best values in | | assets as shown in the official |
| Allentown | | the entire financial services arena. | | accounting records of the company. |
| Erie | | Where else can you go and get | | |
| Tampa | | hundreds of thousands of dollars in | | Level Commission System: A system |
| Franklin | | protection for literally pennies per | | of commissions in which the first year |
| Wichita | | day? Rates for Term Life insurance | | and all renewal commissions are the |
| Jasper | | remain at all-time lows, and now is the | | same percentage of the premium. |
| North Hollywood | | time to lock in the best prices. | | |
| Longmont | | | | Single Limit: Any insurance coverage |
| Rochester | | If you have noticed that your auto | | which is expressed as a single |
| Syracuse | | insurance rates are still increasing | | amount of insurance, or a single limit |
| Bloomington | | with each renewal, or even have not | | of liability. Contrast with Split Limit. |
| El Cajon | | gone down even though you have a | | |
| Melbourne | | great driving record, this lower pricing | | Absolute Assignment: Assignment by |
| Baltimore | | trend makes it more important then | | a policy owner of all control of and |
| Mesa | | ever that you shop around for auto | | rights in the policy to a third party. |
| Dayton | | insurance. | | |
| Syracuse | | | | Broker of Record: A broker who has |
| Pittsburgh | | If you decide to cancel your policy | | been designated to handle certain |
| St. Joseph | | (after acquiring new coverage) | | insurance contracts for the |
| Shreveport | | outside of the 30-day period, you may | | policyholder. |
| Gulfport | | have to pay a fee or penalty. | | |
| Sioux City | | However, you may still save money | | Inspection: Independent checking on |
| Houston | | after paying the fee if your new policy | | facts about an applicant, |
| Fort Worth | | affords you significant savings. So | | policyholder, or claimant, usually by a |
| Louisville | | while it is best to wait until your | | commercial inspection agency. |
| Englewood | | receive your renewal notice, you CAN | | |
| Clarksville | | cancel your policy at any time. | | Loss Adjustment Expense: The cost |
| Pittsburgh | | | | of adjusting losses, excluding the |
| Minneapolis | | People who are trying to quit | | amount of the loss itself. |
| Fremont | | smoking, for example, might be best | | |
| Pensacola | | suited purchasing a shorter term (and | | Claim: A demand made by the |
| Birmingham | | then replacing it with a longer term | | insured, or the insured's beneficiary, |
| Grand Rapids | | policy when they qualify for | | for payment of the benefits provided |
| Whittier | | non-tobacco prices). | | by the contract. |
