| | | | |
|
| Warwick | | The best time to switch policies is | | Policy Period (or Term): The period |
| Riverside | | within one month of receiving your | | during which the policy contract |
| Montgomery | | policy renewal from your current | | affords protection, e.g., six months or |
| Glendale | | insurer. You can typically cancel your | | one or three years. |
| Houston | | policy without any fees or penalties if | | |
| Harlingen | | you act within this time period. | | Claim Report: A report filed by an |
| Englewood | | | | agent setting forth the facts of a claim. |
| Owensboro | | The quickest and easiest way to | | Same as Loss Report. |
| Buffalo | | shop for new insurance is by | | |
| Savannah | | comparing rates at InsWebs online | | Minimum Premium: The smallest |
| Cedar Rapids | | marketplace. If you do it the | | amount of premium for which an |
| Newport News | | old-fashioned way (by calling or | | insurer will issue coverage under a |
| Monroe | | visiting multiple agents or insurance | | given policy. |
| South Bend | | companies) it could take up a huge | | |
| Burbank | | chunk of your time, which no one | | Agency: An insurance sales office |
| Bronx | | wants or needs. By completing | | which is directed by a agent, |
| Baton Rouge | | InsWebs online application, you will | | manager, independent agent, or |
| Gainesville | | have rates to compare to your old | | company manager. |
| Inglewood | | ones within minutes! | | |
| Stamford | | | | Exclusions: Specific situations, |
| Winter Haven | | Life insurance, specifically Term Life, | | conditions, or circumstances that are |
| Harlingen | | is arguably one of the best values in | | listed in the contract as being not |
| Albuquerque | | the entire financial services arena. | | covered. |
| San Bernardino | | Where else can you go and get | | |
| Carlsbad | | hundreds of thousands of dollars in | | Approved: The condition which exists |
| Nashua | | protection for literally pennies per | | when the person or object to be |
| Billings | | day? Rates for Term Life insurance | | insured meets the underwriting |
| Killeen | | remain at all-time lows, and now is the | | standards of the insurer. |
| Muncie | | time to lock in the best prices. | | |
| Englewood | | | | Theory of Probability: The |
| San Antonio | | If you decide to cancel your policy | | mathematical principle upon which |
| Fresno | | (after acquiring new coverage) | | insurance is based. |
| Lincoln | | outside of the 30-day period, you may | | |
| Miami | | have to pay a fee or penalty. | | Buy-Back" Deductible: A deductible |
| El Paso | | However, you may still save money | | which may be eliminated for an |
| Wilmington | | after paying the fee if your new policy | | additional premium in order to |
| Independence | | affords you significant savings. So | | provide "first-dollar" coverage. |
| Fort Smith | | while it is best to wait until your | | |
| Denton | | receive your renewal notice, you CAN | | |
| Arlington | | cancel your policy at any time. | | |
