| | | | |
|
| Portland | | While some companies raise their | | Losses Incurred: The total losses, |
| Indianapolis | | prices based on your actual age, | | whether paid or not, sustained by an |
| Poughkeepsie | | most companies increase the price of | | insurer during a given period, e.g., 12 |
| Monroe | | their policies six months before your | | months. |
| Hartford | | birthday. Its a term called Age | | |
| Lafayette | | Nearest in the industry, and that | | Shock Loss: A catastrophic loss so |
| Boynton Beach | | half-year price increase could really | | large that it has a material effect on |
| Gaithersburg | | add up over a 20-year term policy. As | | the underwriting results of a company. |
| Modesto | | above, the quicker you purchase your | | |
| Charlotte | | policy the better. | | Provisions: Statements contained in |
| Morristown | | | | an insurance policy which explain the |
| Wichita | | Everyone has different needs, and | | benefits, conditions and other |
| Racine | | not one size fits all when it comes to | | features of the insurance contract. |
| Portland | | term life insurance. While it may make | | |
| Goldsboro | | sense for people in their 30s and 40s | | Nonassignable: A policy that the |
| Corona | | to secure a 20-year term length, a | | owner cannot assign to a third party. |
| West Chester | | 10-year term might be more | | Most policies are nonassignable |
| Hattiesburg | | appropriate for someone nearing | | unless approval is given by the |
| Lowell | | retirement. | | insurer. |
