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| Jackson | | While some companies raise their | | Accidental Bodily Injury: An injury |
| Hickory | | prices based on your actual age, | | sustained accidentally. Only the result |
| Knoxville | | most companies increase the price of | | need be accidental. Contrast with |
| Cherry Hill | | their policies six months before your | | Accidental Means. |
| Corona | | birthday. Its a term called Age | | |
| Springfield | | Nearest in the industry, and that | | Divided Cover: The placing of |
| Sioux City | | half-year price increase could really | | insurance on a given subject or |
| Orange Park | | add up over a 20-year term policy. As | | object with more than one insurer. |
| Detroit | | above, the quicker you purchase your | | |
| Columbia | | policy the better. | | Authorized Insurer: An insurer |
| Gaithersburg | | | | authorized by the state to transact |
| Minneapolis | | Everyone has different needs, and | | business in that state for specific |
| Rochester | | not one size fits all when it comes to | | types of insurance. |
| Kingsport | | term life insurance. While it may make | | |
| Cookeville | | sense for people in their 30s and 40s | | Policy Period (or Term): The period |
| Dothan | | to secure a 20-year term length, a | | during which the policy contract |
| Joliet | | 10-year term might be more | | affords protection, e.g., six months or |
| Huntsville | | appropriate for someone nearing | | one or three years. |
| Williamsburg | | retirement. | | |
| Philadelphia | | | | Leasehold: An agreement which |
| Spokane | | The best time to switch policies is | | gives a person the right to use and |
| Chandler | | within one month of receiving your | | occupy property. |
| San Diego | | policy renewal from your current | | |
| Boynton Beach | | insurer. You can typically cancel your | | Partial Loss: A loss covered by an |
| West Chester | | policy without any fees or penalties if | | insurance policy which does not |
| Grand Rapids | | you act within this time period. | | completely destroy or render |
| Anderson | | | | worthless the insured property. |
| Louisville | | Shopping around is the best way to | | |
| Chula Vista | | save money on your insurance. | | Other Insurance: The existence of |
| Corpus Christi | | | | other contracts covering the same |
| Ocala | | If you decide to cancel your policy | | interest and perils. |
| Columbus | | (after acquiring new coverage) | | |
| Stockton | | outside of the 30-day period, you may | | Incurred Expense: Expenses not yet |
| Detroit | | have to pay a fee or penalty. | | paid. Can also include paid |
| Chula Vista | | However, you may still save money | | expenses in some accounting |
| San Francisco | | after paying the fee if your new policy | | systems. |
| Anderson | | affords you significant savings. So | | |
| Poughkeepsie | | while it is best to wait until your | | |
| Fredericksburg | | receive your renewal notice, you CAN | | |
| Midland | | cancel your policy at any time. | | |
