| | | | |
|
| Belleville | | People who are trying to quit | | Net Loss: The amount of loss |
| Wilmington | | smoking, for example, might be best | | sustained by an insurer after giving |
| Youngstown | | suited purchasing a shorter term (and | | effect to all applicable reinsurance, |
| Grand Rapids | | then replacing it with a longer term | | salvage, and subrogation recoveries. |
| Vero Beach | | policy when they qualify for | | |
| Belleville | | non-tobacco prices). | | Substandard Risk: A risk not |
| Harlingen | | | | measuring up to underwriting |
| San Jose | | Everyone has different needs, and | | standards. It may still be written but |
| Reno | | not one size fits all when it comes to | | usually at a surcharged premium. |
| High Point | | term life insurance. While it may make | | |
| Athens | | sense for people in their 30s and 40s | | Premium: The price of insurance |
| Edison | | to secure a 20-year term length, a | | protection for a specified risk for a |
| Sioux Falls | | 10-year term might be more | | specified period of time. |
| Stockton | | appropriate for someone nearing | | |
| Hemet | | retirement. | | Brokerage Business: Business |
| Jackson | | | | offered to an insurer by a broker. This |
| Winter Haven | | Why not take advantage of current | | is sometimes called excess or |
| Santa Ana | | low prices? Many auto insurance | | surplus business. |
| Albany | | consumers are becoming educated | | |
| Williamsport | | on other companies, plans, and rates | | Cut Rate: This term generally applies |
| Flint | | that are available to them; ones that | | to insurance companies who charge |
| Tallahassee | | could afford them significant savings | | premiums below a normal or average |
| Warren | | on their auto insurance. | | rate. |
