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| Racine | | If you decide to cancel your policy | | Liabilities: Money owed or expected |
| Troy | | (after acquiring new coverage) | | to be owed. Insurance company |
| Melbourne | | outside of the 30-day period, you may | | financial statements, for instance, |
| Melbourne | | have to pay a fee or penalty. | | show assets and liabilities. |
| Oakland | | However, you may still save money | | |
| Scranton | | after paying the fee if your new policy | | Gross Premium: The net premium |
| Evanston | | affords you significant savings. So | | plus operating expenses, |
| Schaumburg | | while it is best to wait until your | | commissions and other expenses. |
| Jackson | | receive your renewal notice, you CAN | | |
| Grand Rapids | | cancel your policy at any time. | | Agency Contract (or Agreement): The |
| Mountain View | | | | document which establishes the legal |
| Long Beach | | People who are trying to quit | | relationship between an agent and an |
| Lexington | | smoking, for example, might be best | | insurer. |
| Newport Beach | | suited purchasing a shorter term (and | | |
| Abilene | | then replacing it with a longer term | | Claim: A demand made by the |
| Newport Beach | | policy when they qualify for | | insured, or the insured's beneficiary, |
| Livonia | | non-tobacco prices). | | for payment of the benefits provided |
| Ann Arbor | | | | by the contract. |
| Oceanside | | At InsWeb, you can compare free | | |
| Cape Coral | | online insurance quotes from many of | | Renewal: The reestablishment of the |
| Myrtle Beach | | the nations leading insurance | | in-force status of a policy, the term of |
| Sioux Falls | | companies. | | which has expired or will expire |
| Texarkana | | | | unless it is renewed. |
| Hampton | | Shopping around is the best way to | | |
| Jacksonville | | save money on your insurance. | | Replacement: A new policy written to |
| Modesto | | | | take the place of one currently in force. |
| Asheville | | Healthy people have the best | | |
| Canton | | mortality risks and thus are much | | Amendment: A formal document |
| San Jose | | cheaper for companies to insure. This | | which corrects or revises an |
| Cookeville | | translates into lower rates for the | | insurance master policy. |
| Harrisburg | | Super Preferred customer than | | |
| Wilmington | | someone with higher risk factors such | | Monoline Policy: Any insurance |
| West Chester | | as a heart condition, cancer or | | coverage written as a single line |
| Goldsboro | | diabetes. Conversely, if you were | | policy. Contrast with Multiple Line or |
| Atlanta | | unhealthy when you acquired your | | Package policy. |
| Wilmington | | policy, and your health has now | | |
| Independence | | improved, it might be time to shop for | | |
| Sioux Falls | | a new policy, as your rates are likely | | |
| Savannah | | to be lower. | | |
