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| Scranton | | If you decide to cancel your policy | | Captive Agent: One who sells |
| Troy | | (after acquiring new coverage) | | insurance for only one company as |
| Dubuque | | outside of the 30-day period, you may | | opposed to an agent who represents |
| Kingsport | | have to pay a fee or penalty. | | several companies. |
| Johnstown | | However, you may still save money | | |
| Mesquite | | after paying the fee if your new policy | | Notice of Cancellation: Written notice |
| Oxnard | | affords you significant savings. So | | by an insurer of intent to cancel |
| Allentown | | while it is best to wait until your | | insurance, or written notice by an |
| Warwick | | receive your renewal notice, you CAN | | insured requesting cancellation. |
| Flushing | | cancel your policy at any time. | | |
| Louisville | | | | Gross Line: The total limit accepted |
| Houston | | The best time to switch policies is | | by an insurer on an individual risk, |
| Cedar Rapids | | within one month of receiving your | | including the amount to be reinsured. |
| Albuquerque | | policy renewal from your current | | |
| Orlando | | insurer. You can typically cancel your | | Basic Rate: The manual rate from |
| Silver Spring | | policy without any fees or penalties if | | which discounts are taken or to which |
| Mountain View | | you act within this time period. | | charges are added to reflect the |
| York | | | | individual circumstances of a risk. |
| Valdosta | | Everyone has different needs, and | | |
| Westbury | | not one size fits all when it comes to | | Policy Anniversary: The anniversary |
| Vero Beach | | term life insurance. While it may make | | of the date of issue of a policy as |
| St. Paul | | sense for people in their 30s and 40s | | shown in the policy declarations. |
| Wilmington | | to secure a 20-year term length, a | | |
| Winter Park | | 10-year term might be more | | Net Retention: The amount of |
| Berkeley | | appropriate for someone nearing | | insurance that a ceding company |
| Acworth | | retirement. | | keeps for its own account and does |
| Tampa | | | | not reinsure. |
| Winter Haven | | Healthy people have the best | | |
| Vancouver | | mortality risks and thus are much | | Overlapping Insurance: Coverage |
| Olympia | | cheaper for companies to insure. This | | from two or more policies or insurers |
| Lansing | | translates into lower rates for the | | which duplicates coverage of certain |
| Houma | | Super Preferred customer than | | risks. |
| Burbank | | someone with higher risk factors such | | |
| Pompano Beach | | as a heart condition, cancer or | | Depreciation: A decrease in the value |
| Wichita Falls | | diabetes. Conversely, if you were | | of any type of tangible property over |
| Saginaw | | unhealthy when you acquired your | | a period of time resulting from use, |
| Myrtle Beach | | policy, and your health has now | | wear and tear, or obsolescence. |
| Albany | | improved, it might be time to shop for | | |
| Denton | | a new policy, as your rates are likely | | |
| Cookeville | | to be lower. | | |
