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| Wilmington | | While some companies raise their | | Cut Rate: This term generally applies |
| San Jose | | prices based on your actual age, | | to insurance companies who charge |
| Lafayette | | most companies increase the price of | | premiums below a normal or average |
| Edison | | their policies six months before your | | rate. |
| San Diego | | birthday. Its a term called Age | | |
| Columbus | | Nearest in the industry, and that | | Minimum Premium: The smallest |
| Metairie | | half-year price increase could really | | amount of premium for which an |
| Flushing | | add up over a 20-year term policy. As | | insurer will issue coverage under a |
| Overland Park | | above, the quicker you purchase your | | given policy. |
| Abilene | | policy the better. | | |
| Jacksonville | | | | Lloyd's Broker: A person who has the |
| Saginaw | | Individuals who have 30-year | | authority to negotiate insurance |
| Walnut Creek | | mortgages might want to consider a | | contracts with the underwriters on the |
| Salt Lake City | | 30-year term to ensure that the house | | floor at Lloyd's. |
| Spring Hill | | is protected throughout the period of | | |
| Abilene | | the loan. | | Net Loss: The amount of loss |
| Salem | | | | sustained by an insurer after giving |
| Alexandria | | People who are trying to quit | | effect to all applicable reinsurance, |
| Oklahoma City | | smoking, for example, might be best | | salvage, and subrogation recoveries. |
| Jackson | | suited purchasing a shorter term (and | | |
| Dubuque | | then replacing it with a longer term | | Commission of Authority: A document |
| Lansing | | policy when they qualify for | | outlining the powers delegated to an |
| Lafayette | | non-tobacco prices). | | agent by an insurer. |
