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| Muskegon | | Everyone has different needs, and | | Premium Receipt: The receipt given |
| Englewood | | not one size fits all when it comes to | | a policy owner for the payment of a |
| Durham | | term life insurance. While it may make | | premium. |
| Hendersonville | | sense for people in their 30s and 40s | | |
| Dayton | | to secure a 20-year term length, a | | American Risk and Insurance |
| Honolulu | | 10-year term might be more | | Association: An association of |
| Kingsport | | appropriate for someone nearing | | insurance educators and others |
| Newark | | retirement. | | interested in insurance study and |
| El Cajon | | | | research. |
| Jackson | | Make sure you have a new policy in | | |
| Waco | | place before you cancel your old one | | Cut Rate: This term generally applies |
| Salem | | to avoid a lapse in coverage. This will | | to insurance companies who charge |
| Newark | | also prevent having to figure out the | | premiums below a normal or average |
| Montgomery | | amount of any unused premium that is | | rate. |
| Omaha | | due to you from your old insurance | | |
| Bethlehem | | company, or having to spar with your | | Shock Loss: A catastrophic loss so |
| Longview | | agent about exactly when your policy | | large that it has a material effect on |
| Sioux Falls | | was cancelled and how much they | | the underwriting results of a company. |
| Lakewood | | owe you. | | |
| Cambridge | | | | Single Limit: Any insurance coverage |
| Harrisburg | | Why not take advantage of current | | which is expressed as a single |
| Inglewood | | low prices? Many auto insurance | | amount of insurance, or a single limit |
| Jackson | | consumers are becoming educated | | of liability. Contrast with Split Limit. |
| Pittsburgh | | on other companies, plans, and rates | | |
| Lawton | | that are available to them; ones that | | Commercial Lines: This term is used |
| Hot Springs | | could afford them significant savings | | to refer to insurance for businesses, |
| Schaumburg | | on their auto insurance. | | professionals, and commercial |
| Mesquite | | | | establishments. |
| Detroit | | Healthy people have the best | | |
| Kalamazoo | | mortality risks and thus are much | | Nonassignable: A policy that the |
| Myrtle Beach | | cheaper for companies to insure. This | | owner cannot assign to a third party. |
| West Chester | | translates into lower rates for the | | Most policies are nonassignable |
| Wilmington | | Super Preferred customer than | | unless approval is given by the |
| Davenport | | someone with higher risk factors such | | insurer. |
| Duluth | | as a heart condition, cancer or | | |
| Zanesville | | diabetes. Conversely, if you were | | |
| Birmingham | | unhealthy when you acquired your | | |
| Colorado Springs | | policy, and your health has now | | |
| Kingsport | | improved, it might be time to shop for | | |
| Malden | | a new policy, as your rates are likely | | |
| Charleston | | to be lower. | | |
