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| Franklin | | Healthy people have the best | | Loss Adjustment Expense: The cost |
| Morristown | | mortality risks and thus are much | | of adjusting losses, excluding the |
| Lorain | | cheaper for companies to insure. This | | amount of the loss itself. |
| Muncie | | translates into lower rates for the | | |
| San Jose | | Super Preferred customer than | | Sole Proprietorship: A business |
| Saginaw | | someone with higher risk factors such | | enterprise owned by one person who |
| Scranton | | as a heart condition, cancer or | | is its manager and employee. |
| Madison | | diabetes. Conversely, if you were | | |
| Roanoke | | unhealthy when you acquired your | | You/Your: These words are used to |
| Houma | | policy, and your health has now | | refer to the named insured in many of |
| Overland Park | | improved, it might be time to shop for | | the modernized/personalized policy |
| Hickory | | a new policy, as your rates are likely | | forms. |
| Springfield | | to be lower. | | |
| Stamford | | | | Commingling: An illegal practice |
| Houma | | The best time to switch policies is | | which occurs when an agent mixes |
| Virginia Beach | | within one month of receiving your | | personal funds with the insured's or |
| Longview | | policy renewal from your current | | insurer's funds. |
| Spokane | | insurer. You can typically cancel your | | |
| Charleston | | policy without any fees or penalties if | | Liquidity: The ability of an insurer to |
| Cranston | | you act within this time period. | | convert its assets into cash to pay |
| Oxnard | | | | claims if necessary. |
| Chicago | | Shopping around is the best way to | | |
| Sumter | | save money on your insurance. | | Effective Date: The date on which the |
| Kalamazoo | | | | protection of an insurance policy or |
| Killeen | | Individuals who have 30-year | | bond goes into effect. |
| White Plains | | mortgages might want to consider a | | |
| Warren | | 30-year term to ensure that the house | | Deflation: An economic period |
| Cambridge | | is protected throughout the period of | | characterized by falling prices, high |
| Livonia | | the loan. | | unemployment and a generally |
| Wilmington | | | | sluggish or slow economy. |
| Cypress | | Everyone has different needs, and | | |
| Sarasota | | not one size fits all when it comes to | | License: A certification of authority for |
| Hot Springs | | term life insurance. While it may make | | an agent or insurer to operate, given |
| Colorado Springs | | sense for people in their 30s and 40s | | by the appropriate jurisdiction. |
| Raleigh | | to secure a 20-year term length, a | | |
| Indianapolis | | 10-year term might be more | | |
| Youngstown | | appropriate for someone nearing | | |
| Englewood | | retirement. | | |
