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| San Jose | | Everyone has different needs, and | | Net Loss: The amount of loss |
| Newport Beach | | not one size fits all when it comes to | | sustained by an insurer after giving |
| Winter Haven | | term life insurance. While it may make | | effect to all applicable reinsurance, |
| Santa Barbara | | sense for people in their 30s and 40s | | salvage, and subrogation recoveries. |
| Tuscaloosa | | to secure a 20-year term length, a | | |
| Detroit | | 10-year term might be more | | We/Us/Our: These words are used to |
| Scranton | | appropriate for someone nearing | | refer to the insurer in many of the |
| Harlingen | | retirement. | | modernized/personalized policy |
| Modesto | | | | forms recently introduced. |
| Irvine | | The quickest and easiest way to | | |
| Canton | | shop for new insurance is by | | Other Insurance: The existence of |
| Union | | comparing rates at InsWebs online | | other contracts covering the same |
| Norwalk | | marketplace. If you do it the | | interest and perils. |
| Augusta | | old-fashioned way (by calling or | | |
| Cedar Rapids | | visiting multiple agents or insurance | | Overlapping Insurance: Coverage |
| Newburgh | | companies) it could take up a huge | | from two or more policies or insurers |
| Grand Rapids | | chunk of your time, which no one | | which duplicates coverage of certain |
| Trenton | | wants or needs. By completing | | risks. |
| Aurora | | InsWebs online application, you will | | |
| Des Moines | | have rates to compare to your old | | Short-Term Policy: A policy written for |
| Fall River | | ones within minutes! | | a period of less time than is normal for |
| Livonia | | | | that type of policy. |
| Bellevue | | People who are trying to quit | | |
| Acworth | | smoking, for example, might be best | | Brokerage Department: A department |
| Melbourne | | suited purchasing a shorter term (and | | of an insurer whose purpose is to |
| Cherry Hill | | then replacing it with a longer term | | deal with brokers in the placing of |
| Williamsburg | | policy when they qualify for | | insurance. |
| Akron | | non-tobacco prices). | | |
| Santa Barbara | | | | Notice of Cancellation: Written notice |
| Decatur | | Healthy people have the best | | by an insurer of intent to cancel |
| Newark | | mortality risks and thus are much | | insurance, or written notice by an |
| Cookeville | | cheaper for companies to insure. This | | insured requesting cancellation. |
| Valdosta | | translates into lower rates for the | | |
| Escondido | | Super Preferred customer than | | Single Limit: Any insurance coverage |
| Charleston | | someone with higher risk factors such | | which is expressed as a single |
| Salem | | as a heart condition, cancer or | | amount of insurance, or a single limit |
| Lakeland | | diabetes. Conversely, if you were | | of liability. Contrast with Split Limit. |
| Syracuse | | unhealthy when you acquired your | | |
| Pembroke Pines | | policy, and your health has now | | |
| Torrance | | improved, it might be time to shop for | | |
| Rome | | a new policy, as your rates are likely | | |
| Johnson City | | to be lower. | | |
