| | | | |
|
| Madison | | Life insurance, specifically Term Life, | | Shock Loss: A catastrophic loss so |
| Irvine | | is arguably one of the best values in | | large that it has a material effect on |
| Corpus Christi | | the entire financial services arena. | | the underwriting results of a company. |
| Slidell | | Where else can you go and get | | |
| Saginaw | | hundreds of thousands of dollars in | | Insurance Policy: The printed form |
| Huntsville | | protection for literally pennies per | | which serves as the contract between |
| Scranton | | day? Rates for Term Life insurance | | an insurer and an insured. |
| Cape Coral | | remain at all-time lows, and now is the | | |
| Cherry Hill | | time to lock in the best prices. | | Index Bureau Experience: A measure |
| Las Cruces | | | | of losses relating to claims reported |
| Nashville | | Why not take advantage of current | | through a claim office during a |
| Dallas | | low prices? Many auto insurance | | 12-month period. |
| Charleston | | consumers are becoming educated | | |
| Midland | | on other companies, plans, and rates | | Operating Expense: The expense of |
| Denton | | that are available to them; ones that | | an insurer other than commissions |
| Columbia | | could afford them significant savings | | and taxes. Called " and Insurance |
| Arlington | | on their auto insurance. | | Expense" in the convention statement |
| Tulsa | | | | blank. |
| Irving | | People who are trying to quit | | |
| Orange | | smoking, for example, might be best | | Producer: A term applied to an agent, |
| Schaumburg | | suited purchasing a shorter term (and | | solicitor or other person who sells |
| St. Joseph | | then replacing it with a longer term | | insurance. |
| Silver Spring | | policy when they qualify for | | |
| Evanston | | non-tobacco prices). | | Agency Contract (or Agreement): The |
| Yuma | | | | document which establishes the legal |
| Salem | | Everyone has different needs, and | | relationship between an agent and an |
| Wichita | | not one size fits all when it comes to | | insurer. |
| Macon | | term life insurance. While it may make | | |
| Hartford | | sense for people in their 30s and 40s | | Renewal: The reestablishment of the |
| Melbourne | | to secure a 20-year term length, a | | in-force status of a policy, the term of |
| South Bend | | 10-year term might be more | | which has expired or will expire |
| Newport News | | appropriate for someone nearing | | unless it is renewed. |
| Kingsport | | retirement. | | |
| Raleigh | | | | Brokerage Business: Business |
| Canton | | | | offered to an insurer by a broker. This |
| Roanoke | | | | is sometimes called excess or |
| Fayetteville | | | | surplus business. |
