| | | | |
|
| Fairfax | | While some companies raise their | | Basic Rate: The manual rate from |
| Lansing | | prices based on your actual age, | | which discounts are taken or to which |
| Pensacola | | most companies increase the price of | | charges are added to reflect the |
| Waco | | their policies six months before your | | individual circumstances of a risk. |
| Lawton | | birthday. Its a term called Age | | |
| Council Bluffs | | Nearest in the industry, and that | | Open Rating: A system whereby a |
| Syracuse | | half-year price increase could really | | state allows an insurer to use rates |
| Tyler | | add up over a 20-year term policy. As | | without prior approval. |
| Winter Haven | | above, the quicker you purchase your | | |
| Metairie | | policy the better. | | Indemnify: To restore the victim of a |
| Manchester | | | | loss to the same position as before |
| Lincoln | | Individuals who have 30-year | | the loss occurred. |
| Alpharetta | | mortgages might want to consider a | | |
| Edmond | | 30-year term to ensure that the house | | Tickler: A reminder system used to |
| Raleigh | | is protected throughout the period of | | call an individual's attention to actions |
| Springfield | | the loan. | | that must be taken at a future point in |
| Omaha | | | | time. |
| Amarillo | | Life insurance, specifically Term Life, | | |
| Carlsbad | | is arguably one of the best values in | | Tabular Plan: A retrospective rating |
| Columbus | | the entire financial services arena. | | plan, which uses tables to furnish the |
| Jasper | | Where else can you go and get | | various values for the rating formula. |
| St. Joseph | | hundreds of thousands of dollars in | | |
| Bay City | | protection for literally pennies per | | Replacement: A new policy written to |
| Malden | | day? Rates for Term Life insurance | | take the place of one currently in force. |
| Corpus Christi | | remain at all-time lows, and now is the | | |
| Boca Raton | | time to lock in the best prices. | | Valued: Relating to an agreement by |
| Palm Desert | | | | an insurer to pay a specified amount |
| Columbia | | Everyone has different needs, and | | of money to or on behalf of the |
| Irvine | | not one size fits all when it comes to | | insured upon occurrence of a defined |
| Goldsboro | | term life insurance. While it may make | | loss. |
| Youngstown | | sense for people in their 30s and 40s | | |
| Panama City | | to secure a 20-year term length, a | | Equity: The money value of an |
| Jonesboro | | 10-year term might be more | | insurance company that is over and |
| Stockbridge | | appropriate for someone nearing | | above its liabilities. Liabilities include |
| Columbus | | retirement. | | almost all of its reserves. |
