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| Tacoma | | People who are trying to quit | | Mutualization: The process of |
| Spartanburg | | smoking, for example, might be best | | converting a stock insurer to a mutual |
| Belleville | | suited purchasing a shorter term (and | | insurer, accomplished by having the |
| Santa Barbara | | then replacing it with a longer term | | insurer buy stock and retire it. |
| Boulder | | policy when they qualify for | | |
| Virginia Beach | | non-tobacco prices). | | Policy Period (or Term): The period |
| Jackson | | | | during which the policy contract |
| San Jose | | Healthy people have the best | | affords protection, e.g., six months or |
| Sioux City | | mortality risks and thus are much | | one or three years. |
| Anderson | | cheaper for companies to insure. This | | |
| Pittsburgh | | translates into lower rates for the | | Tabular Plan: A retrospective rating |
| Columbus | | Super Preferred customer than | | plan, which uses tables to furnish the |
| Cleveland | | someone with higher risk factors such | | various values for the rating formula. |
| Newark | | as a heart condition, cancer or | | |
| Oklahoma City | | diabetes. Conversely, if you were | | Retrospective Premium: The final |
| Reading | | unhealthy when you acquired your | | premium in a retrospective rating |
| Tucson | | policy, and your health has now | | plan. See Retrospective Rating. |
| Santa Rosa | | improved, it might be time to shop for | | |
| Mesa | | a new policy, as your rates are likely | | Gain and Loss Exhibit: The portion of |
| Huntington | | to be lower. | | the convention blank which |
| Lake Worth | | | | represents an analysis of gains, |
| Morristown | | Shopping around is the best way to | | losses, and surplus during an |
| Jackson | | save money on your insurance. | | accounting period. |
