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| Plano | | Life insurance, specifically Term Life, | | Operating Expense: The expense of |
| St. Louis | | is arguably one of the best values in | | an insurer other than commissions |
| Torrance | | the entire financial services arena. | | and taxes. Called " and Insurance |
| Bronx | | Where else can you go and get | | Expense" in the convention statement |
| High Point | | hundreds of thousands of dollars in | | blank. |
| Seattle | | protection for literally pennies per | | |
| Hattiesburg | | day? Rates for Term Life insurance | | Stock Option Plan: Surviving |
| Wichita | | remain at all-time lows, and now is the | | stockholders have the option to |
| Allentown | | time to lock in the best prices. | | purchase or not purchase the shares |
| Colorado Springs | | | | of a deceased stockholder. |
| Cranston | | The best time to switch policies is | | |
| Tallahassee | | within one month of receiving your | | Calendar Year Experience: This |
| Oakland | | policy renewal from your current | | measures the premiums and losses |
| Gulfport | | insurer. You can typically cancel your | | entered on accounting records during |
| Newport News | | policy without any fees or penalties if | | the 12-month calendar. |
| Pensacola | | you act within this time period. | | |
| Allentown | | | | Exclusions: Specific situations, |
| Evansville | | Make sure you have a new policy in | | conditions, or circumstances that are |
| Chandler | | place before you cancel your old one | | listed in the contract as being not |
| Mansfield | | to avoid a lapse in coverage. This will | | covered. |
| Muncie | | also prevent having to figure out the | | |
| Metairie | | amount of any unused premium that is | | Nonadmitted Insurer: An insurer not |
| Orange Park | | due to you from your old insurance | | licensed to do business in the |
| Tyler | | company, or having to spar with your | | jurisdiction in question. Same as |
| Conroe | | agent about exactly when your policy | | Unauthorized Insurer and Unlicensed |
| Cincinnati | | was cancelled and how much they | | Insurer. |
| Cleveland | | owe you. | | |
| Hickory | | | | Flat Cancellation: A policy which is |
| Akron | | Individuals who have 30-year | | cancelled upon its effective date. |
| Santa Clara | | mortgages might want to consider a | | Usually under a flat cancellation no |
| Pasadena | | 30-year term to ensure that the house | | premium charge is made. |
| Henderson | | is protected throughout the period of | | |
| Florence | | the loan. | | Policywriting Agent: An agent who has |
| Staten Island | | | | the authority to prepare and effect an |
| Manchester | | | | insurer's policy. |
