| | | | |
|
| Decatur | | Everyone has different needs, and | | Loss Adjustment Expense: The cost |
| Anaheim | | not one size fits all when it comes to | | of adjusting losses, excluding the |
| Akron | | term life insurance. While it may make | | amount of the loss itself. |
| Denton | | sense for people in their 30s and 40s | | |
| Duluth | | to secure a 20-year term length, a | | Premises: The particular location of |
| El Cajon | | 10-year term might be more | | property or a portion thereof as |
| Clinton Township | | appropriate for someone nearing | | designated in a policy. |
| Chicago | | retirement. | | |
| Tucson | | | | Single Limit: Any insurance coverage |
| Florissant | | While some companies raise their | | which is expressed as a single |
| Franklin | | prices based on your actual age, | | amount of insurance, or a single limit |
| Cherry Hill | | most companies increase the price of | | of liability. Contrast with Split Limit. |
| Yuma | | their policies six months before your | | |
| Kansas City | | birthday. Its a term called Age | | Paid-In Surplus: Surplus paid in by |
| Dearborn | | Nearest in the industry, and that | | stockholders, as contrasted with |
| Muncie | | half-year price increase could really | | surplus earned through the |
| Syracuse | | add up over a 20-year term policy. As | | operations of a business. |
| Berkeley | | above, the quicker you purchase your | | |
| Myrtle Beach | | policy the better. | | Business: In Property, Liability, and |
| Bakersfield | | | | Health lines, it usually refers to the |
| Las Vegas | | Healthy people have the best | | volume of premiums. |
| Flushing | | mortality risks and thus are much | | |
| Venice | | cheaper for companies to insure. This | | Shock Loss: A catastrophic loss so |
| Dayton | | translates into lower rates for the | | large that it has a material effect on |
| Columbus | | Super Preferred customer than | | the underwriting results of a company. |
| Hattiesburg | | someone with higher risk factors such | | |
| Lake Worth | | as a heart condition, cancer or | | Brokerage Department: A department |
| Dothan | | diabetes. Conversely, if you were | | of an insurer whose purpose is to |
| Mesa | | unhealthy when you acquired your | | deal with brokers in the placing of |
| Phoenix | | policy, and your health has now | | insurance. |
| Fort Worth | | improved, it might be time to shop for | | |
| Pembroke Pines | | a new policy, as your rates are likely | | Federal Deposit Insurance |
| Cypress | | to be lower. | | Corporation (FDIC): An agency of the |
| Rome | | | | federal government which insures |
| Mesa | | | | bank deposits up to a stated |
| Gulfport | | | | maximum. |
