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| San Jose | | People who are trying to quit | | Mutualization: The process of |
| Irving | | smoking, for example, might be best | | converting a stock insurer to a mutual |
| Tulsa | | suited purchasing a shorter term (and | | insurer, accomplished by having the |
| Nashua | | then replacing it with a longer term | | insurer buy stock and retire it. |
| Costa Mesa | | policy when they qualify for | | |
| Jersey City | | non-tobacco prices). | | Valuation Clause: A clause stating the |
| Providence | | | | value of items for insurance |
| Edison | | Life insurance, specifically Term Life, | | purposes, making it a valued policy. |
| Pembroke Pines | | is arguably one of the best values in | | |
| Chicago | | the entire financial services arena. | | Net Loss: The amount of loss |
| Fredericksburg | | Where else can you go and get | | sustained by an insurer after giving |
| Silver Spring | | hundreds of thousands of dollars in | | effect to all applicable reinsurance, |
| Sacramento | | protection for literally pennies per | | salvage, and subrogation recoveries. |
| Kalamazoo | | day? Rates for Term Life insurance | | |
| White Plains | | remain at all-time lows, and now is the | | Calendar Year Experience: This |
| Cincinnati | | time to lock in the best prices. | | measures the premiums and losses |
| Tulsa | | | | entered on accounting records during |
| Wilmington | | Individuals who have 30-year | | the 12-month calendar. |
| Davenport | | mortgages might want to consider a | | |
| Scranton | | 30-year term to ensure that the house | | Federal Deposit Insurance |
| Albuquerque | | is protected throughout the period of | | Corporation (FDIC): An agency of the |
| Greeley | | the loan. | | federal government which insures |
| Schaumburg | | | | bank deposits up to a stated |
| Clarksville | | Why not take advantage of current | | maximum. |
| Naples | | low prices? Many auto insurance | | |
| Pompano Beach | | consumers are becoming educated | | Open Rating: A system whereby a |
| Cape Coral | | on other companies, plans, and rates | | state allows an insurer to use rates |
| Gaithersburg | | that are available to them; ones that | | without prior approval. |
| Venice | | could afford them significant savings | | |
| Newark | | on their auto insurance. | | Coding: A method of putting |
| Fredericksburg | | | | information into a numerical form for |
| Cedar Rapids | | Healthy people have the best | | statistical use. Most information on |
| Muskegon | | mortality risks and thus are much | | policies is coded and then put into |
| Jackson | | cheaper for companies to insure. This | | reports. |
| Union | | translates into lower rates for the | | |
| Detroit | | Super Preferred customer than | | |
| Wilmington | | someone with higher risk factors such | | |
| Springfield | | as a heart condition, cancer or | | |
| Woodbridge | | diabetes. Conversely, if you were | | |
| Anderson | | unhealthy when you acquired your | | |
| Canton | | policy, and your health has now | | |
| Ocala | | improved, it might be time to shop for | | |
| Aurora | | a new policy, as your rates are likely | | |
| Ogden | | to be lower. | | |
