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| Asheville | | Shopping around is the best way to | | Preferred Risk: Any risk considered |
| Bradenton | | save money on your insurance. | | to be better than the standard risk on |
| Harlingen | | | | which the premium rate was |
| Santa Monica | | Everyone has different needs, and | | calculated. |
| Houma | | not one size fits all when it comes to | | |
| Denver | | term life insurance. While it may make | | Admitted Company: An insurance |
| Winter Park | | sense for people in their 30s and 40s | | company authorized and licensed to |
| Fort Collins | | to secure a 20-year term length, a | | do business in a given state. |
| Turlock | | 10-year term might be more | | |
| Pasadena | | appropriate for someone nearing | | Effective Date: The date on which the |
| Topeka | | retirement. | | protection of an insurance policy or |
| Plano | | | | bond goes into effect. |
| Los Angeles | | Make sure you have a new policy in | | |
| Carlsbad | | place before you cancel your old one | | Net Loss: The amount of loss |
| Tampa | | to avoid a lapse in coverage. This will | | sustained by an insurer after giving |
| Greeley | | also prevent having to figure out the | | effect to all applicable reinsurance, |
| Chula Vista | | amount of any unused premium that is | | salvage, and subrogation recoveries. |
| Riverside | | due to you from your old insurance | | |
| Tulsa | | company, or having to spar with your | | Claim Report: A report filed by an |
| Providence | | agent about exactly when your policy | | agent setting forth the facts of a claim. |
| Bronx | | was cancelled and how much they | | Same as Loss Report. |
| Winter Park | | owe you. | | |
| Columbia | | | | Accident Year Experience: Measures |
| Florissant | | Individuals who have 30-year | | premiums and losses relating to |
| Rockford | | mortgages might want to consider a | | accidents which occurred during a |
| Gulfport | | 30-year term to ensure that the house | | 12-month period. |
| Montgomery | | is protected throughout the period of | | |
| Orange | | the loan. | | New For Old: Replacing old |
| Waterloo | | | | damaged parts or equipment with |
| Midland | | Healthy people have the best | | new ones rather than repairing them. |
| Flushing | | mortality risks and thus are much | | |
| Slidell | | cheaper for companies to insure. This | | Coding: A method of putting |
| Toledo | | translates into lower rates for the | | information into a numerical form for |
| Union | | Super Preferred customer than | | statistical use. Most information on |
| Gulfport | | someone with higher risk factors such | | policies is coded and then put into |
| Zanesville | | as a heart condition, cancer or | | reports. |
| Fort Wayne | | diabetes. Conversely, if you were | | |
| Cambridge | | unhealthy when you acquired your | | |
| Clearwater | | policy, and your health has now | | |
| Morristown | | improved, it might be time to shop for | | |
| Quincy | | a new policy, as your rates are likely | | |
| Biloxi | | to be lower. | | |
