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| Lorain | | Healthy people have the best | | Claim Expense: The expense of |
| Springfield | | mortality risks and thus are much | | adjusting a claim, such as |
| Longmont | | cheaper for companies to insure. This | | investigation and attorneys' fees. It |
| Littleton | | translates into lower rates for the | | does not include the cost of the claim |
| Duluth | | Super Preferred customer than | | itself. |
| Philadelphia | | someone with higher risk factors such | | |
| Duluth | | as a heart condition, cancer or | | Foreign Insurer: An insurer domiciled |
| Lancaster | | diabetes. Conversely, if you were | | in a state of the United States other |
| Green Bay | | unhealthy when you acquired your | | than the one in which the insured's |
| Alpharetta | | policy, and your health has now | | insurance is written. |
| Honolulu | | improved, it might be time to shop for | | |
| Columbia | | a new policy, as your rates are likely | | Admitted Company: An insurance |
| Palo Alto | | to be lower. | | company authorized and licensed to |
| Oakland | | | | do business in a given state. |
| Cranston | | Make sure you have a new policy in | | |
| Henderson | | place before you cancel your old one | | Net Retention: The amount of |
| Savannah | | to avoid a lapse in coverage. This will | | insurance that a ceding company |
| Independence | | also prevent having to figure out the | | keeps for its own account and does |
| Quincy | | amount of any unused premium that is | | not reinsure. |
| Monroe | | due to you from your old insurance | | |
| Longmont | | company, or having to spar with your | | License: A certification of authority for |
| Franklin | | agent about exactly when your policy | | an agent or insurer to operate, given |
| San Bernardino | | was cancelled and how much they | | by the appropriate jurisdiction. |
| Memphis | | owe you. | | |
| Monroe | | | | Deflation: An economic period |
| Louisville | | Everyone has different needs, and | | characterized by falling prices, high |
| Grand Junction | | not one size fits all when it comes to | | unemployment and a generally |
| Melbourne | | term life insurance. While it may make | | sluggish or slow economy. |
| Walnut Creek | | sense for people in their 30s and 40s | | |
| Myrtle Beach | | to secure a 20-year term length, a | | New For Old: Replacing old |
| Cherry Hill | | 10-year term might be more | | damaged parts or equipment with |
| Scottsdale | | appropriate for someone nearing | | new ones rather than repairing them. |
| Gainesville | | retirement. | | |
| Honolulu | | | | Gross Premium: The net premium |
| Lafayette | | | | plus operating expenses, |
| West Chester | | | | commissions and other expenses. |
