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| Chicago | | Everyone has different needs, and | | Loss Frequency: The number of times |
| San Jose | | not one size fits all when it comes to | | a loss occurs over a specific period |
| Vineland | | term life insurance. While it may make | | of time. |
| Mesa | | sense for people in their 30s and 40s | | |
| Wichita Falls | | to secure a 20-year term length, a | | Operating Expense: The expense of |
| Zanesville | | 10-year term might be more | | an insurer other than commissions |
| Torrance | | appropriate for someone nearing | | and taxes. Called " and Insurance |
| Conroe | | retirement. | | Expense" in the convention statement |
| New Port Richey | | | | blank. |
| Independence | | If you have noticed that your auto | | |
| Edison | | insurance rates are still increasing | | Initial Premium: An amount paid at the |
| Wilmington | | with each renewal, or even have not | | inception of an insurance contract, |
| Torrance | | gone down even though you have a | | usually subject to adjustment at the |
| Cape Coral | | great driving record, this lower pricing | | end of the policy period. |
| Colorado Springs | | trend makes it more important then | | |
| North Hollywood | | ever that you shop around for auto | | Claim Expense: The expense of |
| Fort Smith | | insurance. | | adjusting a claim, such as |
| Columbia | | | | investigation and attorneys' fees. It |
| Fort Myers | | The best time to switch policies is | | does not include the cost of the claim |
| Norfolk | | within one month of receiving your | | itself. |
| Lorain | | policy renewal from your current | | |
| Schenectady | | insurer. You can typically cancel your | | Fiduciary: A person holding the funds |
| Jacksonville | | policy without any fees or penalties if | | or property of another in a position of |
| Muskegon | | you act within this time period. | | trust. An example would be the |
| Anchorage | | | | executor of an estate. |
| Harrisburg | | Healthy people have the best | | |
| Flint | | mortality risks and thus are much | | Authorized Insurer: An insurer |
| San Francisco | | cheaper for companies to insure. This | | authorized by the state to transact |
| Allentown | | translates into lower rates for the | | business in that state for specific |
| Sterling Heights | | Super Preferred customer than | | types of insurance. |
| Florence | | someone with higher risk factors such | | |
| Spartanburg | | as a heart condition, cancer or | | Policywriting Agent: An agent who has |
| Toledo | | diabetes. Conversely, if you were | | the authority to prepare and effect an |
| West Chester | | unhealthy when you acquired your | | insurer's policy. |
| Oklahoma City | | policy, and your health has now | | |
| Ann Arbor | | improved, it might be time to shop for | | |
| Buffalo | | a new policy, as your rates are likely | | |
| Davenport | | to be lower. | | |
