| | | | |
|
| Gaithersburg | | While some companies raise their | | Divided Cover: The placing of |
| Cedar Rapids | | prices based on your actual age, | | insurance on a given subject or |
| Newport News | | most companies increase the price of | | object with more than one insurer. |
| Poughkeepsie | | their policies six months before your | | |
| Kalamazoo | | birthday. Its a term called Age | | Loss Adjustment Expense: The cost |
| Houston | | Nearest in the industry, and that | | of adjusting losses, excluding the |
| Fairfax | | half-year price increase could really | | amount of the loss itself. |
| Racine | | add up over a 20-year term policy. As | | |
| Gainesville | | above, the quicker you purchase your | | Leasehold: An agreement which |
| Sumter | | policy the better. | | gives a person the right to use and |
| Sarasota | | | | occupy property. |
| Clarksville | | Healthy people have the best | | |
| Portland | | mortality risks and thus are much | | Absolute Assignment: Assignment by |
| Modesto | | cheaper for companies to insure. This | | a policy owner of all control of and |
| Saginaw | | translates into lower rates for the | | rights in the policy to a third party. |
| Montgomery | | Super Preferred customer than | | |
| Houma | | someone with higher risk factors such | | Stock Option Plan: Surviving |
| Grand Prairie | | as a heart condition, cancer or | | stockholders have the option to |
| Cherry Hill | | diabetes. Conversely, if you were | | purchase or not purchase the shares |
| South Bend | | unhealthy when you acquired your | | of a deceased stockholder. |
| Hemet | | policy, and your health has now | | |
| Santa Rosa | | improved, it might be time to shop for | | Cash Flow Underwriting: The use of |
| Texarkana | | a new policy, as your rates are likely | | rating and premium collection |
| Fredericksburg | | to be lower. | | techniques by insurance companies |
| Cranston | | | | to maximize interest earnings on |
| Florence | | The best time to switch policies is | | premiums. |
| Hattiesburg | | within one month of receiving your | | |
| Newport News | | policy renewal from your current | | Agency Contract (or Agreement): The |
| Dayton | | insurer. You can typically cancel your | | document which establishes the legal |
| Erie | | policy without any fees or penalties if | | relationship between an agent and an |
| Chula Vista | | you act within this time period. | | insurer. |
