| | | | |
|
| Cleveland | | While some companies raise their | | Open Rating: A system whereby a |
| Silver Spring | | prices based on your actual age, | | state allows an insurer to use rates |
| Cherry Hill | | most companies increase the price of | | without prior approval. |
| Killeen | | their policies six months before your | | |
| Lawrenceville | | birthday. Its a term called Age | | Equity: The money value of an |
| Yonkers | | Nearest in the industry, and that | | insurance company that is over and |
| Quincy | | half-year price increase could really | | above its liabilities. Liabilities include |
| Monroe | | add up over a 20-year term policy. As | | almost all of its reserves. |
| Trenton | | above, the quicker you purchase your | | |
| Alameda | | policy the better. | | Net Retention: The amount of |
| Pensacola | | | | insurance that a ceding company |
| Indianapolis | | Life insurance, specifically Term Life, | | keeps for its own account and does |
| Baton Rouge | | is arguably one of the best values in | | not reinsure. |
| Lawton | | the entire financial services arena. | | |
| Lawton | | Where else can you go and get | | Approved: The condition which exists |
| Columbus | | hundreds of thousands of dollars in | | when the person or object to be |
| Anderson | | protection for literally pennies per | | insured meets the underwriting |
| Hickory | | day? Rates for Term Life insurance | | standards of the insurer. |
| Lowell | | remain at all-time lows, and now is the | | |
| El Cajon | | time to lock in the best prices. | | Domestic Insurer (or Company): An |
| Youngstown | | | | insurer formed under the laws of the |
| Saginaw | | Everyone has different needs, and | | state in which the insurance is written. |
| Vero Beach | | not one size fits all when it comes to | | |
| Huntington | | term life insurance. While it may make | | Provisions: Statements contained in |
| Cleveland | | sense for people in their 30s and 40s | | an insurance policy which explain the |
| Redlands | | to secure a 20-year term length, a | | benefits, conditions and other |
| Hampton | | 10-year term might be more | | features of the insurance contract. |
| Sacramento | | appropriate for someone nearing | | |
| Detroit | | retirement. | | Policy Anniversary: The anniversary |
| Nashville | | | | of the date of issue of a policy as |
| Mesquite | | At InsWeb, you can compare free | | shown in the policy declarations. |
| Virginia Beach | | online insurance quotes from many of | | |
| Daytona Beach | | the nations leading insurance | | Independent Agent: An agent |
| Stamford | | companies. | | operating as an independent |
| San Francisco | | | | contractor under the independent |
| Abilene | | | | agency system. |
