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| Springfield | | While some companies raise their | | Nonassignable: A policy that the |
| Inglewood | | prices based on your actual age, | | owner cannot assign to a third party. |
| Dallas | | most companies increase the price of | | Most policies are nonassignable |
| Johnstown | | their policies six months before your | | unless approval is given by the |
| Phoenix | | birthday. Its a term called Age | | insurer. |
| Wilmington | | Nearest in the industry, and that | | |
| Newport News | | half-year price increase could really | | Policywriting Agent: An agent who has |
| Florence | | add up over a 20-year term policy. As | | the authority to prepare and effect an |
| Virginia Beach | | above, the quicker you purchase your | | insurer's policy. |
| Sioux City | | policy the better. | | |
| Columbus | | | | Independent Contractor: One who |
| Brooklyn | | Healthy people have the best | | agrees to perform according to a |
| Eugene | | mortality risks and thus are much | | contract and who is not an employee. |
| St. Louis | | cheaper for companies to insure. This | | |
| Bay City | | translates into lower rates for the | | Cut Rate: This term generally applies |
| Fairfax | | Super Preferred customer than | | to insurance companies who charge |
| Nashua | | someone with higher risk factors such | | premiums below a normal or average |
| Norwalk | | as a heart condition, cancer or | | rate. |
| Fayetteville | | diabetes. Conversely, if you were | | |
| Coral Springs | | unhealthy when you acquired your | | Shock Loss: A catastrophic loss so |
| Troy | | policy, and your health has now | | large that it has a material effect on |
| Birmingham | | improved, it might be time to shop for | | the underwriting results of a company. |
| Cranston | | a new policy, as your rates are likely | | |
| Lorain | | to be lower. | | Commingling: An illegal practice |
| Canton | | | | which occurs when an agent mixes |
| Racine | | People who are trying to quit | | personal funds with the insured's or |
| Pueblo | | smoking, for example, might be best | | insurer's funds. |
| Miami | | suited purchasing a shorter term (and | | |
| Winter Haven | | then replacing it with a longer term | | Earned Income: The money |
| San Jose | | policy when they qualify for | | individuals earn as a result of working |
| St. Louis | | non-tobacco prices). | | at some job or occupation for which |
| Huntsville | | | | they are paid a salary. |
| Turlock | | Why not take advantage of current | | |
| Clearwater | | low prices? Many auto insurance | | Lloyd's Broker: A person who has the |
| Sterling Heights | | consumers are becoming educated | | authority to negotiate insurance |
| Anaheim | | on other companies, plans, and rates | | contracts with the underwriters on the |
| Rockford | | that are available to them; ones that | | floor at Lloyd's. |
| Bakersfield | | could afford them significant savings | | |
| Milwaukee | | on their auto insurance. | | |
