| | | | |
|
| Knoxville | | If you decide to cancel your policy | | Mandatory Valuation Reserve: A |
| Pueblo | | (after acquiring new coverage) | | reserve required by a state law to |
| Grand Junction | | outside of the 30-day period, you may | | offset any declines in the valuation of |
| Dallas | | have to pay a fee or penalty. | | securities listed as admitted assets. |
| Reading | | However, you may still save money | | |
| Madison | | after paying the fee if your new policy | | Net Retention: The amount of |
| Worcester | | affords you significant savings. So | | insurance that a ceding company |
| Louisville | | while it is best to wait until your | | keeps for its own account and does |
| Plano | | receive your renewal notice, you CAN | | not reinsure. |
| Harlingen | | cancel your policy at any time. | | |
| Fort Worth | | | | Brokerage Business: Business |
| Columbus | | Individuals who have 30-year | | offered to an insurer by a broker. This |
| Fort Myers | | mortgages might want to consider a | | is sometimes called excess or |
| Bellevue | | 30-year term to ensure that the house | | surplus business. |
| San Bernardino | | is protected throughout the period of | | |
| Tampa | | the loan. | | Claim: A demand made by the |
| Newark | | | | insured, or the insured's beneficiary, |
| Chula Vista | | People who are trying to quit | | for payment of the benefits provided |
| Stockton | | smoking, for example, might be best | | by the contract. |
| Metairie | | suited purchasing a shorter term (and | | |
| Columbus | | then replacing it with a longer term | | Renewal: The reestablishment of the |
| Winter Haven | | policy when they qualify for | | in-force status of a policy, the term of |
| Fort Worth | | non-tobacco prices). | | which has expired or will expire |
| Schenectady | | | | unless it is renewed. |
| Pembroke Pines | | Life insurance, specifically Term Life, | | |
| Johnstown | | is arguably one of the best values in | | Lapsed Policy: One which has been |
| Fort Myers | | the entire financial services arena. | | allowed to expire because of |
| Athens | | Where else can you go and get | | nonpayment of premiums. |
| Myrtle Beach | | hundreds of thousands of dollars in | | |
| Killeen | | protection for literally pennies per | | Depreciation: A decrease in the value |
| Nashua | | day? Rates for Term Life insurance | | of any type of tangible property over |
| Arlington | | remain at all-time lows, and now is the | | a period of time resulting from use, |
| Corona | | time to lock in the best prices. | | wear and tear, or obsolescence. |
