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| Frederick | | While some companies raise their | | Short-Term Policy: A policy written for |
| Kansas City | | prices based on your actual age, | | a period of less time than is normal for |
| Mesquite | | most companies increase the price of | | that type of policy. |
| Sacramento | | their policies six months before your | | |
| Providence | | birthday. Its a term called Age | | Losses Incurred: The total losses, |
| Clarksville | | Nearest in the industry, and that | | whether paid or not, sustained by an |
| Chicago | | half-year price increase could really | | insurer during a given period, e.g., 12 |
| Billings | | add up over a 20-year term policy. As | | months. |
| Orlando | | above, the quicker you purchase your | | |
| Fairfax | | policy the better. | | Depreciation: A decrease in the value |
| Slidell | | | | of any type of tangible property over |
| Houma | | People who are trying to quit | | a period of time resulting from use, |
| Mobile | | smoking, for example, might be best | | wear and tear, or obsolescence. |
| Kalamazoo | | suited purchasing a shorter term (and | | |
| Kansas City | | then replacing it with a longer term | | Insolvent Insurer: An insurer which is |
| Seattle | | policy when they qualify for | | unable to meet its financial |
| Springfield | | non-tobacco prices). | | obligations. |
