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| Biloxi | | Healthy people have the best | | Agency Contract (or Agreement): The |
| Miami | | mortality risks and thus are much | | document which establishes the legal |
| Los Angeles | | cheaper for companies to insure. This | | relationship between an agent and an |
| Westbury | | translates into lower rates for the | | insurer. |
| Midland | | Super Preferred customer than | | |
| Columbus | | someone with higher risk factors such | | Incurred Expense: Expenses not yet |
| Boynton Beach | | as a heart condition, cancer or | | paid. Can also include paid |
| Harlingen | | diabetes. Conversely, if you were | | expenses in some accounting |
| Slidell | | unhealthy when you acquired your | | systems. |
| Duluth | | policy, and your health has now | | |
| Kalamazoo | | improved, it might be time to shop for | | Broker of Record: A broker who has |
| Daytona Beach | | a new policy, as your rates are likely | | been designated to handle certain |
| Long Beach | | to be lower. | | insurance contracts for the |
| Fairfax | | | | policyholder. |
| Lexington | | Everyone has different needs, and | | |
| Asheville | | not one size fits all when it comes to | | Theory of Probability: The |
| Tuscaloosa | | term life insurance. While it may make | | mathematical principle upon which |
| Mountain View | | sense for people in their 30s and 40s | | insurance is based. |
| Orlando | | to secure a 20-year term length, a | | |
| Knoxville | | 10-year term might be more | | You/Your: These words are used to |
| Cedar Rapids | | appropriate for someone nearing | | refer to the named insured in many of |
| Youngstown | | retirement. | | the modernized/personalized policy |
| Bloomington | | | | forms. |
| Atlanta | | Individuals who have 30-year | | |
| Boston | | mortgages might want to consider a | | Claim: A demand made by the |
| Dothan | | 30-year term to ensure that the house | | insured, or the insured's beneficiary, |
| Oxnard | | is protected throughout the period of | | for payment of the benefits provided |
| Irving | | the loan. | | by the contract. |