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| Chattanooga | | Make sure you have a new policy in | | Indemnify: To restore the victim of a |
| Springfield | | place before you cancel your old one | | loss to the same position as before |
| Lakeland | | to avoid a lapse in coverage. This will | | the loss occurred. |
| Chesapeake | | also prevent having to figure out the | | |
| Vero Beach | | amount of any unused premium that is | | Captive Agent: One who sells |
| St. Joseph | | due to you from your old insurance | | insurance for only one company as |
| Anderson | | company, or having to spar with your | | opposed to an agent who represents |
| Hampton | | agent about exactly when your policy | | several companies. |
| Greenville | | was cancelled and how much they | | |
| Irvine | | owe you. | | Losses Outstanding: A summary |
| Gainesville | | | | statement prepared by Property, Life, |
| Gaithersburg | | Life insurance, specifically Term Life, | | and Liability insurers showing claims |
| Chesapeake | | is arguably one of the best values in | | not yet settled. |
| Boise | | the entire financial services arena. | | |
| Panama City | | Where else can you go and get | | Submitted Business: Applications for |
| Melbourne | | hundreds of thousands of dollars in | | insurance submitted to an insurer but |
| Lexington | | protection for literally pennies per | | not yet acted upon by it. |
| Edmond | | day? Rates for Term Life insurance | | |
| Newburgh | | remain at all-time lows, and now is the | | Nonassignable: A policy that the |
| Athens | | time to lock in the best prices. | | owner cannot assign to a third party. |
| Palm Harbor | | | | Most policies are nonassignable |
| Jacksonville | | Healthy people have the best | | unless approval is given by the |
| Carlsbad | | mortality risks and thus are much | | insurer. |
| Manchester | | cheaper for companies to insure. This | | |
| St. Paul | | translates into lower rates for the | | Brokerage Department: A department |
| Valdosta | | Super Preferred customer than | | of an insurer whose purpose is to |
| El Cajon | | someone with higher risk factors such | | deal with brokers in the placing of |
| Denver | | as a heart condition, cancer or | | insurance. |
| Long Beach | | diabetes. Conversely, if you were | | |
| Greensboro | | unhealthy when you acquired your | | Agency Contract (or Agreement): The |
| Harlingen | | policy, and your health has now | | document which establishes the legal |
| Harlingen | | improved, it might be time to shop for | | relationship between an agent and an |
| Rochester | | a new policy, as your rates are likely | | insurer. |
| Chesapeake | | to be lower. | | |
