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| Grand Rapids | | While some companies raise their | | Gross Premium: The net premium |
| Tyler | | prices based on your actual age, | | plus operating expenses, |
| Santa Barbara | | most companies increase the price of | | commissions and other expenses. |
| Omaha | | their policies six months before your | | |
| Philadelphia | | birthday. Its a term called Age | | Initial Premium: An amount paid at the |
| Newark | | Nearest in the industry, and that | | inception of an insurance contract, |
| Albuquerque | | half-year price increase could really | | usually subject to adjustment at the |
| Akron | | add up over a 20-year term policy. As | | end of the policy period. |
| Johnson City | | above, the quicker you purchase your | | |
| Pasadena | | policy the better. | | New For Old: Replacing old |
| Palm Desert | | | | damaged parts or equipment with |
| Fort Lauderdale | | Life insurance, specifically Term Life, | | new ones rather than repairing them. |
| Long Island City | | is arguably one of the best values in | | |
| Pembroke Pines | | the entire financial services arena. | | Open Rating: A system whereby a |
| Reno | | Where else can you go and get | | state allows an insurer to use rates |
| Berkeley | | hundreds of thousands of dollars in | | without prior approval. |
| Columbus | | protection for literally pennies per | | |
| San Francisco | | day? Rates for Term Life insurance | | Federal Deposit Insurance |
| Huntsville | | remain at all-time lows, and now is the | | Corporation (FDIC): An agency of the |
| Tucson | | time to lock in the best prices. | | federal government which insures |
| Grand Rapids | | | | bank deposits up to a stated |
| Huntington | | Healthy people have the best | | maximum. |
| Alexandria | | mortality risks and thus are much | | |
| Springfield | | cheaper for companies to insure. This | | Agent's Balance: A periodic |
| Henderson | | translates into lower rates for the | | statement of the sums due and owed |
| Miami | | Super Preferred customer than | | to an agent under the agent's contract |
| New Port Richey | | someone with higher risk factors such | | with an insurer. |
| Arlington | | as a heart condition, cancer or | | |
| Los Angeles | | diabetes. Conversely, if you were | | Commercial Lines: This term is used |
| Providence | | unhealthy when you acquired your | | to refer to insurance for businesses, |
| Clinton Township | | policy, and your health has now | | professionals, and commercial |
| Malden | | improved, it might be time to shop for | | establishments. |
| Rockford | | a new policy, as your rates are likely | | |
| Albany | | to be lower. | | Brick Veneer Construction: Refers to |
| Pensacola | | | | a building where the outside walls are |
| Buffalo | | | | constructed of wood with a facing of a |
| Brooklyn | | | | single layer of brick. |
