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| Des Moines | | Everyone has different needs, and | | Net Retention: The amount of |
| Arlington | | not one size fits all when it comes to | | insurance that a ceding company |
| Dearborn | | term life insurance. While it may make | | keeps for its own account and does |
| Tulsa | | sense for people in their 30s and 40s | | not reinsure. |
| Richmond | | to secure a 20-year term length, a | | |
| Schenectady | | 10-year term might be more | | Admitted (or Allowed) Assets: Assets |
| Oakland | | appropriate for someone nearing | | whose values are permitted by state |
| Tempe | | retirement. | | law to be included in the annual |
| Virginia Beach | | | | statement of the insurer. |
| Lakeland | | While some companies raise their | | |
| Spring Hill | | prices based on your actual age, | | Equity: The money value of an |
| Lawrenceville | | most companies increase the price of | | insurance company that is over and |
| Whittier | | their policies six months before your | | above its liabilities. Liabilities include |
| Anderson | | birthday. Its a term called Age | | almost all of its reserves. |
| Tulsa | | Nearest in the industry, and that | | |
| Hartford | | half-year price increase could really | | Gross Line: The total limit accepted |
| Overland Park | | add up over a 20-year term policy. As | | by an insurer on an individual risk, |
| Kalamazoo | | above, the quicker you purchase your | | including the amount to be reinsured. |
| Manchester | | policy the better. | | |
| Oklahoma City | | | | Short-Term Policy: A policy written for |
| Staten Island | | If you decide to cancel your policy | | a period of less time than is normal for |
| Decatur | | (after acquiring new coverage) | | that type of policy. |
| Amarillo | | outside of the 30-day period, you may | | |
| Peoria | | have to pay a fee or penalty. | | Director of Insurance: A title used in |
| Cambridge | | However, you may still save money | | some states for the head of the |
| Longview | | after paying the fee if your new policy | | department of insurance. |
| Myrtle Beach | | affords you significant savings. So | | |
| Ocala | | while it is best to wait until your | | Premium: The price of insurance |
| Buffalo | | receive your renewal notice, you CAN | | protection for a specified risk for a |
| Houma | | cancel your policy at any time. | | specified period of time. |
