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| Henderson | | Everyone has different needs, and | | Brokerage Business: Business |
| Jacksonville | | not one size fits all when it comes to | | offered to an insurer by a broker. This |
| Newport Beach | | term life insurance. While it may make | | is sometimes called excess or |
| Norfolk | | sense for people in their 30s and 40s | | surplus business. |
| Palm Desert | | to secure a 20-year term length, a | | |
| Evansville | | 10-year term might be more | | Fictitious Groups: Groups formed |
| Poughkeepsie | | appropriate for someone nearing | | primarily for the purpose of buying |
| Stuart | | retirement. | | insurance. Under the law such groups |
| Boulder | | | | may not be underwritten. |
| Naperville | | Make sure you have a new policy in | | |
| Pompano Beach | | place before you cancel your old one | | Liabilities: Money owed or expected |
| Myrtle Beach | | to avoid a lapse in coverage. This will | | to be owed. Insurance company |
| Tyler | | also prevent having to figure out the | | financial statements, for instance, |
| Huntsville | | amount of any unused premium that is | | show assets and liabilities. |
| Duluth | | due to you from your old insurance | | |
| Ventura | | company, or having to spar with your | | Examiner: An employee assigned by |
| Las Vegas | | agent about exactly when your policy | | the state insurance department to |
| Lake Worth | | was cancelled and how much they | | audit insurers' records. |
| New Port Richey | | owe you. | | |
| Garland | | | | Countersignature: The signature of a |
| Texarkana | | Life insurance, specifically Term Life, | | licensed agent or representative on a |
| Mesa | | is arguably one of the best values in | | policy. |
| Melbourne | | the entire financial services arena. | | |
| Scottsdale | | Where else can you go and get | | Independent Agent: An agent |
| Dallas | | hundreds of thousands of dollars in | | operating as an independent |
| Peoria | | protection for literally pennies per | | contractor under the independent |
| Louisville | | day? Rates for Term Life insurance | | agency system. |
| Palm Harbor | | remain at all-time lows, and now is the | | |
| Davenport | | time to lock in the best prices. | | Loss Adjustment Expense: The cost |
| Lancaster | | | | of adjusting losses, excluding the |
| Cincinnati | | Individuals who have 30-year | | amount of the loss itself. |
| Houma | | mortgages might want to consider a | | |
| Springfield | | 30-year term to ensure that the house | | Accidental Bodily Injury: An injury |
| Grand Prairie | | is protected throughout the period of | | sustained accidentally. Only the result |
| Muskegon | | the loan. | | need be accidental. Contrast with |
| St. Joseph | | | | Accidental Means. |
