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| Bellevue | | Everyone has different needs, and | | Society of Insurance Research: An |
| Fresno | | not one size fits all when it comes to | | organization which encourages |
| Goldsboro | | term life insurance. While it may make | | insurance research and promotes the |
| Bakersfield | | sense for people in their 30s and 40s | | exchange of ideas and methods of |
| Louisville | | to secure a 20-year term length, a | | research. |
| Panama City | | 10-year term might be more | | |
| Fort Smith | | appropriate for someone nearing | | Single Limit: Any insurance coverage |
| Green Bay | | retirement. | | which is expressed as a single |
| San Diego | | | | amount of insurance, or a single limit |
| Pittsburgh | | Shopping around is the best way to | | of liability. Contrast with Split Limit. |
| Erie | | save money on your insurance. | | |
| Johnstown | | | | Leasehold: An agreement which |
| Escondido | | If you decide to cancel your policy | | gives a person the right to use and |
| Brooklyn | | (after acquiring new coverage) | | occupy property. |
| Abilene | | outside of the 30-day period, you may | | |
| Mansfield | | have to pay a fee or penalty. | | Will Ride: Coverage that remains in |
| San Bernardino | | However, you may still save money | | effect regardless of the geographical |
| Lexington | | after paying the fee if your new policy | | location in which a loss occurs. |
| Knoxville | | affords you significant savings. So | | |
| Toledo | | while it is best to wait until your | | Incurred Expense: Expenses not yet |
| Ann Arbor | | receive your renewal notice, you CAN | | paid. Can also include paid |
| Bay City | | cancel your policy at any time. | | expenses in some accounting |
| Tampa | | | | systems. |
| Pueblo | | People who are trying to quit | | |
| Columbia | | smoking, for example, might be best | | Insurance to Value: Insurance written |
| Decatur | | suited purchasing a shorter term (and | | in an amount approximating the value |
| Berkeley | | then replacing it with a longer term | | of the property insured. |
| Charlotte | | policy when they qualify for | | |
| Greensboro | | non-tobacco prices). | | Premium Receipt: The receipt given |
| Mesa | | | | a policy owner for the payment of a |
| Winter Haven | | The best time to switch policies is | | premium. |
| El Paso | | within one month of receiving your | | |
| Alpharetta | | policy renewal from your current | | Collusion: An agreement, usually |
| Carlsbad | | insurer. You can typically cancel your | | secret, between two or more persons |
| Santa Ana | | policy without any fees or penalties if | | to defraud or deprive another or |
| Reno | | you act within this time period. | | others of their property or rights. |
