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| Williamsport | | Life insurance, specifically Term Life, | | Submitted Business: Applications for |
| Venice | | is arguably one of the best values in | | insurance submitted to an insurer but |
| Rockville | | the entire financial services arena. | | not yet acted upon by it. |
| Irving | | Where else can you go and get | | |
| Melbourne | | hundreds of thousands of dollars in | | Agent's License: A certificate of |
| Rockville | | protection for literally pennies per | | authority from the state which permits |
| Lancaster | | day? Rates for Term Life insurance | | the agent to conduct business. |
| St. Joseph | | remain at all-time lows, and now is the | | |
| Texarkana | | time to lock in the best prices. | | Expense Allowance: A compensation |
| Slidell | | | | paid to an insurance agent in excess |
| Salt Lake City | | If you decide to cancel your policy | | of prescribed commissions. |
| Fort Smith | | (after acquiring new coverage) | | |
| Kansas City | | outside of the 30-day period, you may | | Producer: A term applied to an agent, |
| Chandler | | have to pay a fee or penalty. | | solicitor or other person who sells |
| Tallahassee | | However, you may still save money | | insurance. |
| Hot Springs | | after paying the fee if your new policy | | |
| Youngstown | | affords you significant savings. So | | Convention Values: Values assigned |
| Lafayette | | while it is best to wait until your | | to insurers' assets in the convention |
| Nashville | | receive your renewal notice, you CAN | | blank. |
| Virginia Beach | | cancel your policy at any time. | | |
| Los Angeles | | | | Minimum Premium: The smallest |
| Woodbridge | | Healthy people have the best | | amount of premium for which an |
| Rochester | | mortality risks and thus are much | | insurer will issue coverage under a |
| Portland | | cheaper for companies to insure. This | | given policy. |
| Oklahoma City | | translates into lower rates for the | | |
| Arlington | | Super Preferred customer than | | Agent's Qualification Law: Education, |
| Lexington | | someone with higher risk factors such | | experience, and other requirements |
| Irvine | | as a heart condition, cancer or | | imposed by the state upon persons |
| Dallas | | diabetes. Conversely, if you were | | desiring to be licensed as agents. |
| Rockford | | unhealthy when you acquired your | | |
| Davenport | | policy, and your health has now | | Operating Expense: The expense of |
| Malden | | improved, it might be time to shop for | | an insurer other than commissions |
| Irvine | | a new policy, as your rates are likely | | and taxes. Called " and Insurance |
| Houston | | to be lower. | | Expense" in the convention statement |
| Metairie | | | | blank. |
