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| Roanoke | | Healthy people have the best | | Theory of Probability: The |
| Springfield | | mortality risks and thus are much | | mathematical principle upon which |
| Grand Rapids | | cheaper for companies to insure. This | | insurance is based. |
| Youngstown | | translates into lower rates for the | | |
| Franklin | | Super Preferred customer than | | Partnership Entity: The partnership |
| Fall River | | someone with higher risk factors such | | considered as an entity and not in |
| Anaheim | | as a heart condition, cancer or | | terms of its individual part-owners. |
| Jackson | | diabetes. Conversely, if you were | | |
| Corona | | unhealthy when you acquired your | | Cut Rate: This term generally applies |
| Zanesville | | policy, and your health has now | | to insurance companies who charge |
| Walnut Creek | | improved, it might be time to shop for | | premiums below a normal or average |
| Amarillo | | a new policy, as your rates are likely | | rate. |
| Stuart | | to be lower. | | |
| Gaithersburg | | | | Burning Ratio: The ratio of losses |
| Gaithersburg | | While some companies raise their | | suffered to the amount of insurance in |
| Dayton | | prices based on your actual age, | | effect. |
| St. Paul | | most companies increase the price of | | |
| Santa Ana | | their policies six months before your | | Policy Period (or Term): The period |
| Edmond | | birthday. Its a term called Age | | during which the policy contract |
| Palo Alto | | Nearest in the industry, and that | | affords protection, e.g., six months or |
| San Diego | | half-year price increase could really | | one or three years. |
| Schaumburg | | add up over a 20-year term policy. As | | |
| Fullerton | | above, the quicker you purchase your | | Borderline Risk: An insurance |
| Valdosta | | policy the better. | | prospect of doubtful quality from an |
| Burbank | | | | underwriting point of view. |
| Alpharetta | | The best time to switch policies is | | |
| Long Island City | | within one month of receiving your | | Submitted Business: Applications for |
| Odessa | | policy renewal from your current | | insurance submitted to an insurer but |
| Philadelphia | | insurer. You can typically cancel your | | not yet acted upon by it. |
| Arlington | | policy without any fees or penalties if | | |
| Santa Monica | | you act within this time period. | | Capital Sum: The maximum lump sum |
| Rockville | | | | payable in the event of accidental |
| Huntington Beach | | People who are trying to quit | | death or dismemberment. |
| Minneapolis | | smoking, for example, might be best | | |
| Palm Desert | | suited purchasing a shorter term (and | | |
| Aurora | | then replacing it with a longer term | | |
| Albany | | policy when they qualify for | | |
| Phoenix | | non-tobacco prices). | | |
