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| Anderson | | Shopping around is the best way to | | Valued: Relating to an agreement by |
| Charleston | | save money on your insurance. | | an insurer to pay a specified amount |
| West Chester | | | | of money to or on behalf of the |
| Durham | | Make sure you have a new policy in | | insured upon occurrence of a defined |
| Austin | | place before you cancel your old one | | loss. |
| Anaheim | | to avoid a lapse in coverage. This will | | |
| Glendale | | also prevent having to figure out the | | Claim Report: A report filed by an |
| Fort Myers | | amount of any unused premium that is | | agent setting forth the facts of a claim. |
| Cypress | | due to you from your old insurance | | Same as Loss Report. |
| Boca Raton | | company, or having to spar with your | | |
| Clinton Township | | agent about exactly when your policy | | Renewal: The reestablishment of the |
| Mobile | | was cancelled and how much they | | in-force status of a policy, the term of |
| Pasadena | | owe you. | | which has expired or will expire |
| Killeen | | | | unless it is renewed. |
| Lawrenceville | | Life insurance, specifically Term Life, | | |
| Conroe | | is arguably one of the best values in | | Convention Values: Values assigned |
| Killeen | | the entire financial services arena. | | to insurers' assets in the convention |
| Corona | | Where else can you go and get | | blank. |
| Fort Myers | | hundreds of thousands of dollars in | | |
| Dallas | | protection for literally pennies per | | Burning Ratio: The ratio of losses |
| Allentown | | day? Rates for Term Life insurance | | suffered to the amount of insurance in |
| Colorado Springs | | remain at all-time lows, and now is the | | effect. |
| Topeka | | time to lock in the best prices. | | |
| Glendale | | | | Director of Insurance: A title used in |
| Memphis | | If you decide to cancel your policy | | some states for the head of the |
| Springfield | | (after acquiring new coverage) | | department of insurance. |
| Long Beach | | outside of the 30-day period, you may | | |
| Walnut Creek | | have to pay a fee or penalty. | | Incurred Expense: Expenses not yet |
| Silver Spring | | However, you may still save money | | paid. Can also include paid |
| Waco | | after paying the fee if your new policy | | expenses in some accounting |
| Wichita | | affords you significant savings. So | | systems. |
| Stockton | | while it is best to wait until your | | |
| Lancaster | | receive your renewal notice, you CAN | | Broker of Record: A broker who has |
| Lawton | | cancel your policy at any time. | | been designated to handle certain |
| Costa Mesa | | | | insurance contracts for the |
| Delray Beach | | | | policyholder. |
