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| New York | | Life insurance, specifically Term Life, | | Appraisal: An evaluation of property |
| Pasadena | | is arguably one of the best values in | | made to ascertain either the |
| Rockford | | the entire financial services arena. | | appropriate amount of insurance to |
| Washington | | Where else can you go and get | | be written or the amount of loss to be |
| Flint | | hundreds of thousands of dollars in | | paid. |
| Schenectady | | protection for literally pennies per | | |
| Sunnyvale | | day? Rates for Term Life insurance | | Mandatory Valuation Reserve: A |
| West Chester | | remain at all-time lows, and now is the | | reserve required by a state law to |
| Cambridge | | time to lock in the best prices. | | offset any declines in the valuation of |
| Jacksonville | | | | securities listed as admitted assets. |
| Hartford | | People who are trying to quit | | |
| Indianapolis | | smoking, for example, might be best | | Deflation: An economic period |
| Huntington | | suited purchasing a shorter term (and | | characterized by falling prices, high |
| Clearwater | | then replacing it with a longer term | | unemployment and a generally |
| Chula Vista | | policy when they qualify for | | sluggish or slow economy. |
| Memphis | | non-tobacco prices). | | |
| New York | | | | Tabular Plan: A retrospective rating |
| Columbus | | Everyone has different needs, and | | plan, which uses tables to furnish the |
| San Jose | | not one size fits all when it comes to | | various values for the rating formula. |
| Ventura | | term life insurance. While it may make | | |
| Anaheim | | sense for people in their 30s and 40s | | Short Rate Premium: The premium |
| Santa Clara | | to secure a 20-year term length, a | | required for issuing a policy for a |
| Edmond | | 10-year term might be more | | period less than its normal term. |
| West Palm Beach | | appropriate for someone nearing | | |
| Bethlehem | | retirement. | | Agency Contract (or Agreement): The |
| Overland Park | | | | document which establishes the legal |
| Kansas City | | While some companies raise their | | relationship between an agent and an |
| Berkeley | | prices based on your actual age, | | insurer. |
| Davenport | | most companies increase the price of | | |
| Marietta | | their policies six months before your | | Indemnify: To restore the victim of a |
| Toledo | | birthday. Its a term called Age | | loss to the same position as before |
| Tucson | | Nearest in the industry, and that | | the loss occurred. |
| Pompano Beach | | half-year price increase could really | | |
| El Paso | | add up over a 20-year term policy. As | | Net Loss: The amount of loss |
| Raleigh | | above, the quicker you purchase your | | sustained by an insurer after giving |
| Macon | | policy the better. | | effect to all applicable reinsurance, |
| Stockton | | | | salvage, and subrogation recoveries. |
