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| Cincinnati | | Everyone has different needs, and | | Premium Receipt: The receipt given |
| Dearborn | | not one size fits all when it comes to | | a policy owner for the payment of a |
| Portland | | term life insurance. While it may make | | premium. |
| Poughkeepsie | | sense for people in their 30s and 40s | | |
| Rockville | | to secure a 20-year term length, a | | Valuation Clause: A clause stating the |
| Cambridge | | 10-year term might be more | | value of items for insurance |
| Fremont | | appropriate for someone nearing | | purposes, making it a valued policy. |
| Jacksonville | | retirement. | | |
| Fayetteville | | | | Not Taken: Policies applied for and |
| Midland | | Life insurance, specifically Term Life, | | issued but rejected by the proposed |
| Jacksonville | | is arguably one of the best values in | | owner and not paid for. |
| Biloxi | | the entire financial services arena. | | |
| Livonia | | Where else can you go and get | | Submitted Business: Applications for |
| Lowell | | hundreds of thousands of dollars in | | insurance submitted to an insurer but |
| Riverside | | protection for literally pennies per | | not yet acted upon by it. |
| Waco | | day? Rates for Term Life insurance | | |
| Norwalk | | remain at all-time lows, and now is the | | Single Limit: Any insurance coverage |
| Henderson | | time to lock in the best prices. | | which is expressed as a single |
| Lansing | | | | amount of insurance, or a single limit |
| Stockbridge | | Healthy people have the best | | of liability. Contrast with Split Limit. |
| Honolulu | | mortality risks and thus are much | | |
| Asheville | | cheaper for companies to insure. This | | United States Aircraft Insurance |
| Newburgh | | translates into lower rates for the | | Group: A group of insurers providing |
| Kansas City | | Super Preferred customer than | | facilities for all forms of Aviation |
| Jacksonville | | someone with higher risk factors such | | Insurance. |
| Modesto | | as a heart condition, cancer or | | |
| Albany | | diabetes. Conversely, if you were | | Malinger: To feign a disability for the |
| Overland Park | | unhealthy when you acquired your | | purpose of continuing to collect |
| Inglewood | | policy, and your health has now | | benefits longer than actually |
| Grand Prairie | | improved, it might be time to shop for | | necessary. |
| Arlington | | a new policy, as your rates are likely | | |
| Dothan | | to be lower. | | Losses Incurred: The total losses, |
| Palm Desert | | | | whether paid or not, sustained by an |
| Pittsburgh | | While some companies raise their | | insurer during a given period, e.g., 12 |
| Hot Springs | | prices based on your actual age, | | months. |
| Santa Rosa | | most companies increase the price of | | |
| El Cajon | | their policies six months before your | | |
| Phoenix | | birthday. Its a term called Age | | |
| Olympia | | Nearest in the industry, and that | | |
| Lancaster | | half-year price increase could really | | |
| Myrtle Beach | | add up over a 20-year term policy. As | | |
| Ann Arbor | | above, the quicker you purchase your | | |
| Davenport | | policy the better. | | |
