| | | | |
|
| Rochester | | While some companies raise their | | Depreciation: A decrease in the value |
| Delray Beach | | prices based on your actual age, | | of any type of tangible property over |
| Lakewood | | most companies increase the price of | | a period of time resulting from use, |
| San Francisco | | their policies six months before your | | wear and tear, or obsolescence. |
| Nashville | | birthday. Its a term called Age | | |
| White Plains | | Nearest in the industry, and that | | Net Retention: The amount of |
| Charlotte | | half-year price increase could really | | insurance that a ceding company |
| Carlsbad | | add up over a 20-year term policy. As | | keeps for its own account and does |
| Frederick | | above, the quicker you purchase your | | not reinsure. |
| Kansas City | | policy the better. | | |
| Peoria | | | | Commission of Authority: A document |
| Memphis | | Everyone has different needs, and | | outlining the powers delegated to an |
| Union | | not one size fits all when it comes to | | agent by an insurer. |
| Vero Beach | | term life insurance. While it may make | | |
| Sioux City | | sense for people in their 30s and 40s | | Claim Expense: The expense of |
| St. Joseph | | to secure a 20-year term length, a | | adjusting a claim, such as |
| Bradenton | | 10-year term might be more | | investigation and attorneys' fees. It |
| Madison | | appropriate for someone nearing | | does not include the cost of the claim |
| Lowell | | retirement. | | itself. |
