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| Fort Smith | | While some companies raise their | | Notice of Cancellation: Written notice |
| Memphis | | prices based on your actual age, | | by an insurer of intent to cancel |
| Memphis | | most companies increase the price of | | insurance, or written notice by an |
| Columbus | | their policies six months before your | | insured requesting cancellation. |
| Santa Barbara | | birthday. Its a term called Age | | |
| Vineland | | Nearest in the industry, and that | | Captive Agent: One who sells |
| Fort Wayne | | half-year price increase could really | | insurance for only one company as |
| Hampton | | add up over a 20-year term policy. As | | opposed to an agent who represents |
| Tyler | | above, the quicker you purchase your | | several companies. |
| Indianapolis | | policy the better. | | |
| Saginaw | | | | Other Insurance: The existence of |
| Henderson | | If you decide to cancel your policy | | other contracts covering the same |
| Peoria | | (after acquiring new coverage) | | interest and perils. |
| Newark | | outside of the 30-day period, you may | | |
| White Plains | | have to pay a fee or penalty. | | Fictitious Groups: Groups formed |
| Henderson | | However, you may still save money | | primarily for the purpose of buying |
| Newport News | | after paying the fee if your new policy | | insurance. Under the law such groups |
| Syracuse | | affords you significant savings. So | | may not be underwritten. |
| Buffalo | | while it is best to wait until your | | |
| Irving | | receive your renewal notice, you CAN | | Authorized Insurer: An insurer |
| Columbus | | cancel your policy at any time. | | authorized by the state to transact |
| Athens | | | | business in that state for specific |
| Winter Haven | | Healthy people have the best | | types of insurance. |
| Waco | | mortality risks and thus are much | | |
| Troy | | cheaper for companies to insure. This | | Valued: Relating to an agreement by |
| Fayetteville | | translates into lower rates for the | | an insurer to pay a specified amount |
| Sarasota | | Super Preferred customer than | | of money to or on behalf of the |
| Sumter | | someone with higher risk factors such | | insured upon occurrence of a defined |
| Livonia | | as a heart condition, cancer or | | loss. |
| Denton | | diabetes. Conversely, if you were | | |
| Springfield | | unhealthy when you acquired your | | Cash Flow Underwriting: The use of |
| Fall River | | policy, and your health has now | | rating and premium collection |
| Aurora | | improved, it might be time to shop for | | techniques by insurance companies |
| Williamsburg | | a new policy, as your rates are likely | | to maximize interest earnings on |
| Fort Lauderdale | | to be lower. | | premiums. |
