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| Gulfport | | The best time to switch policies is | | Convention Values: Values assigned |
| Yuma | | within one month of receiving your | | to insurers' assets in the convention |
| Seattle | | policy renewal from your current | | blank. |
| Newport Beach | | insurer. You can typically cancel your | | |
| Johnson City | | policy without any fees or penalties if | | Lapsed Policy: One which has been |
| Tampa | | you act within this time period. | | allowed to expire because of |
| Fort Wayne | | | | nonpayment of premiums. |
| Hot Springs | | Life insurance, specifically Term Life, | | |
| Virginia Beach | | is arguably one of the best values in | | Premium Receipt: The receipt given |
| Fort Collins | | the entire financial services arena. | | a policy owner for the payment of a |
| Amarillo | | Where else can you go and get | | premium. |
| Omaha | | hundreds of thousands of dollars in | | |
| Slidell | | protection for literally pennies per | | Absolute Assignment: Assignment by |
| Odessa | | day? Rates for Term Life insurance | | a policy owner of all control of and |
| Huntsville | | remain at all-time lows, and now is the | | rights in the policy to a third party. |
| Pueblo | | time to lock in the best prices. | | |
| Santa Ana | | | | Multi-Peril Policies: Policies which |
| Williamsport | | While some companies raise their | | cover a number of perils, such as fire, |
| Providence | | prices based on your actual age, | | burglary, and liability, in a single |
| Sioux Falls | | most companies increase the price of | | contract. |
| Southfield | | their policies six months before your | | |
| Alexandria | | birthday. Its a term called Age | | Calendar Year Experience: This |
| Jacksonville | | Nearest in the industry, and that | | measures the premiums and losses |
| Waterloo | | half-year price increase could really | | entered on accounting records during |
| Dayton | | add up over a 20-year term policy. As | | the 12-month calendar. |
| Boulder | | above, the quicker you purchase your | | |
| Berkeley | | policy the better. | | Deductible: The portion of an insured |
| Columbia | | | | loss to be borne by the insured |
| Chesapeake | | Everyone has different needs, and | | before he is entitled to recovery from |
| Clearwater | | not one size fits all when it comes to | | the insurer. |
| Syracuse | | term life insurance. While it may make | | |
| Saginaw | | sense for people in their 30s and 40s | | Indemnity: Restoration to the victim of |
| Corona | | to secure a 20-year term length, a | | a loss by payment, repair, or |
| Durham | | 10-year term might be more | | replacement. |
| Toms River | | appropriate for someone nearing | | |
| Albuquerque | | retirement. | | |
