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| Sterling Heights | | Life insurance, specifically Term Life, | | Provisional Rate: Tentative rates, |
| Melbourne | | is arguably one of the best values in | | premiums or commissions that are |
| Longwood | | the entire financial services arena. | | subject to subsequent adjustment. |
| Anderson | | Where else can you go and get | | See Commission and Premium. |
| Savannah | | hundreds of thousands of dollars in | | |
| Saginaw | | protection for literally pennies per | | Open Rating: A system whereby a |
| Omaha | | day? Rates for Term Life insurance | | state allows an insurer to use rates |
| Quincy | | remain at all-time lows, and now is the | | without prior approval. |
| Knoxville | | time to lock in the best prices. | | |
| Lake Charles | | | | Broker of Record: A broker who has |
| Evanston | | The quickest and easiest way to | | been designated to handle certain |
| Louisville | | shop for new insurance is by | | insurance contracts for the |
| Chattanooga | | comparing rates at InsWebs online | | policyholder. |
| Bakersfield | | marketplace. If you do it the | | |
| Virginia Beach | | old-fashioned way (by calling or | | Notice To Company: Written notice to |
| Arlington | | visiting multiple agents or insurance | | an insurer of the occurrence of an |
| Honolulu | | companies) it could take up a huge | | event which a claim is to be based. |
| Albany | | chunk of your time, which no one | | |
| Trenton | | wants or needs. By completing | | Claim Report: A report filed by an |
| Providence | | InsWebs online application, you will | | agent setting forth the facts of a claim. |
| Williamsburg | | have rates to compare to your old | | Same as Loss Report. |
| Alpharetta | | ones within minutes! | | |
| Dearborn | | | | Lapsed Policy: One which has been |
| Salem | | Everyone has different needs, and | | allowed to expire because of |
| Phoenix | | not one size fits all when it comes to | | nonpayment of premiums. |
| San Jose | | term life insurance. While it may make | | |
| Lexington | | sense for people in their 30s and 40s | | Cash Flow Underwriting: The use of |
| Dothan | | to secure a 20-year term length, a | | rating and premium collection |
| Worcester | | 10-year term might be more | | techniques by insurance companies |
| Montgomery | | appropriate for someone nearing | | to maximize interest earnings on |
| Edmond | | retirement. | | premiums. |
