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| Belleville | | Everyone has different needs, and | | Depreciation: A decrease in the value |
| Brooklyn | | not one size fits all when it comes to | | of any type of tangible property over |
| Cedar Rapids | | term life insurance. While it may make | | a period of time resulting from use, |
| Harrisburg | | sense for people in their 30s and 40s | | wear and tear, or obsolescence. |
| Rockford | | to secure a 20-year term length, a | | |
| Cherry Hill | | 10-year term might be more | | Valued: Relating to an agreement by |
| Wichita | | appropriate for someone nearing | | an insurer to pay a specified amount |
| Riverside | | retirement. | | of money to or on behalf of the |
| Hendersonville | | | | insured upon occurrence of a defined |
| El Cajon | | People who are trying to quit | | loss. |
| St. Joseph | | smoking, for example, might be best | | |
| Rochester | | suited purchasing a shorter term (and | | Admitted Company: An insurance |
| Muskegon | | then replacing it with a longer term | | company authorized and licensed to |
| Richmond | | policy when they qualify for | | do business in a given state. |
| Hemet | | non-tobacco prices). | | |
| Albuquerque | | | | Agent's Qualification Law: Education, |
| Lorain | | Life insurance, specifically Term Life, | | experience, and other requirements |
| Madison | | is arguably one of the best values in | | imposed by the state upon persons |
| Turlock | | the entire financial services arena. | | desiring to be licensed as agents. |
| Colorado Springs | | Where else can you go and get | | |
| Pompano Beach | | hundreds of thousands of dollars in | | Claim Report: A report filed by an |
| Palm Harbor | | protection for literally pennies per | | agent setting forth the facts of a claim. |
| Quincy | | day? Rates for Term Life insurance | | Same as Loss Report. |
| St. Joseph | | remain at all-time lows, and now is the | | |
| Santa Ana | | time to lock in the best prices. | | Accident: An unplanned event, |
| Rockford | | | | unexpected and undesigned, which |
| Seattle | | While some companies raise their | | occurs suddenly and at a definite |
| Springfield | | prices based on your actual age, | | place. |
| Clinton Township | | most companies increase the price of | | |
| Muncie | | their policies six months before your | | Burning Ratio: The ratio of losses |
| Shreveport | | birthday. Its a term called Age | | suffered to the amount of insurance in |
| Cherry Hill | | Nearest in the industry, and that | | effect. |
| Memphis | | half-year price increase could really | | |
| Fremont | | add up over a 20-year term policy. As | | Effective Date: The date on which the |
| Slidell | | above, the quicker you purchase your | | protection of an insurance policy or |
| Durham | | policy the better. | | bond goes into effect. |
