| | | | |
|
| Eugene | | If you decide to cancel your policy | | Claim: A demand made by the |
| Duluth | | (after acquiring new coverage) | | insured, or the insured's beneficiary, |
| Seattle | | outside of the 30-day period, you may | | for payment of the benefits provided |
| Lawton | | have to pay a fee or penalty. | | by the contract. |
| Charleston | | However, you may still save money | | |
| Cherry Hill | | after paying the fee if your new policy | | Policy Period (or Term): The period |
| Cambridge | | affords you significant savings. So | | during which the policy contract |
| Boynton Beach | | while it is best to wait until your | | affords protection, e.g., six months or |
| Los Angeles | | receive your renewal notice, you CAN | | one or three years. |
| Pembroke Pines | | cancel your policy at any time. | | |
| Overland Park | | | | Nonadmitted Insurer: An insurer not |
| Poughkeepsie | | Healthy people have the best | | licensed to do business in the |
| Pueblo | | mortality risks and thus are much | | jurisdiction in question. Same as |
| Walnut Creek | | cheaper for companies to insure. This | | Unauthorized Insurer and Unlicensed |
| Henderson | | translates into lower rates for the | | Insurer. |
| Walnut Creek | | Super Preferred customer than | | |
| Nashville | | someone with higher risk factors such | | Liabilities: Money owed or expected |
| Indianapolis | | as a heart condition, cancer or | | to be owed. Insurance company |
| Oakland | | diabetes. Conversely, if you were | | financial statements, for instance, |
| Kansas City | | unhealthy when you acquired your | | show assets and liabilities. |
| Santa Ana | | policy, and your health has now | | |
| Cambridge | | improved, it might be time to shop for | | Flat Cancellation: A policy which is |
| Wilmington | | a new policy, as your rates are likely | | cancelled upon its effective date. |
| South Bend | | to be lower. | | Usually under a flat cancellation no |
| Flushing | | | | premium charge is made. |
| Pueblo | | Individuals who have 30-year | | |
| Gulfport | | mortgages might want to consider a | | Provisions: Statements contained in |
| Abilene | | 30-year term to ensure that the house | | an insurance policy which explain the |
| Augusta | | is protected throughout the period of | | benefits, conditions and other |
| Fort Lauderdale | | the loan. | | features of the insurance contract. |
