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| Naperville | | Make sure you have a new policy in | | Tabular Plan: A retrospective rating |
| Albuquerque | | place before you cancel your old one | | plan, which uses tables to furnish the |
| New York | | to avoid a lapse in coverage. This will | | various values for the rating formula. |
| Muncie | | also prevent having to figure out the | | |
| Baton Rouge | | amount of any unused premium that is | | Open Rating: A system whereby a |
| Muncie | | due to you from your old insurance | | state allows an insurer to use rates |
| Escondido | | company, or having to spar with your | | without prior approval. |
| Atlanta | | agent about exactly when your policy | | |
| Fayetteville | | was cancelled and how much they | | Approved: The condition which exists |
| Dearborn | | owe you. | | when the person or object to be |
| Marietta | | | | insured meets the underwriting |
| Harlingen | | While some companies raise their | | standards of the insurer. |
| Newport News | | prices based on your actual age, | | |
| Decatur | | most companies increase the price of | | License: A certification of authority for |
| Lawrenceville | | their policies six months before your | | an agent or insurer to operate, given |
| Omaha | | birthday. Its a term called Age | | by the appropriate jurisdiction. |
| Lake Worth | | Nearest in the industry, and that | | |
| Wichita Falls | | half-year price increase could really | | Insolvent Insurer: An insurer which is |
| Oklahoma City | | add up over a 20-year term policy. As | | unable to meet its financial |
| Jersey City | | above, the quicker you purchase your | | obligations. |
| Rochester | | policy the better. | | |
| Quincy | | | | Theory of Probability: The |
| Spring Hill | | Everyone has different needs, and | | mathematical principle upon which |
| Yuma | | not one size fits all when it comes to | | insurance is based. |
| Winter Haven | | term life insurance. While it may make | | |
| Winter Haven | | sense for people in their 30s and 40s | | Cut Rate: This term generally applies |
| Gulfport | | to secure a 20-year term length, a | | to insurance companies who charge |
| Yuma | | 10-year term might be more | | premiums below a normal or average |
| Morristown | | appropriate for someone nearing | | rate. |
| Memphis | | retirement. | | |
| Warren | | | | Building Code: This refers to |
| Houma | | Individuals who have 30-year | | municipal or other governmental |
| Norwalk | | mortgages might want to consider a | | ordinances regulating the type of |
| El Cajon | | 30-year term to ensure that the house | | construction of buildings within its |
| Clearwater | | is protected throughout the period of | | jurisdiction. |
| Charleston | | the loan. | | |
