| | | | |
|
| Mobile | | Life insurance, specifically Term Life, | | Initial Premium: An amount paid at the |
| Englewood | | is arguably one of the best values in | | inception of an insurance contract, |
| Oklahoma City | | the entire financial services arena. | | usually subject to adjustment at the |
| Chesapeake | | Where else can you go and get | | end of the policy period. |
| Tuscaloosa | | hundreds of thousands of dollars in | | |
| Colorado Springs | | protection for literally pennies per | | Policywriting Agent: An agent who has |
| Decatur | | day? Rates for Term Life insurance | | the authority to prepare and effect an |
| Nashua | | remain at all-time lows, and now is the | | insurer's policy. |
| Rapid City | | time to lock in the best prices. | | |
| New Port Richey | | | | Net Retention: The amount of |
| Springfield | | Individuals who have 30-year | | insurance that a ceding company |
| St. Joseph | | mortgages might want to consider a | | keeps for its own account and does |
| Fort Collins | | 30-year term to ensure that the house | | not reinsure. |
| Aurora | | is protected throughout the period of | | |
| South Bend | | the loan. | | Commingling: An illegal practice |
| Providence | | | | which occurs when an agent mixes |
| Modesto | | If you have noticed that your auto | | personal funds with the insured's or |
| Malden | | insurance rates are still increasing | | insurer's funds. |
| Fullerton | | with each renewal, or even have not | | |
| Edison | | gone down even though you have a | | Liabilities: Money owed or expected |
| Huntington Beach | | great driving record, this lower pricing | | to be owed. Insurance company |
| Lubbock | | trend makes it more important then | | financial statements, for instance, |
| Monroe | | ever that you shop around for auto | | show assets and liabilities. |
| Long Beach | | insurance. | | |
| Albuquerque | | | | Provisional Rate: Tentative rates, |
| Salt Lake City | | People who are trying to quit | | premiums or commissions that are |
| Newport News | | smoking, for example, might be best | | subject to subsequent adjustment. |
| Goldsboro | | suited purchasing a shorter term (and | | See Commission and Premium. |
| Minneapolis | | then replacing it with a longer term | | |
| Roanoke | | policy when they qualify for | | First Party Insurance: Insurance which |
| Palm Desert | | non-tobacco prices). | | applies to coverage for the insured's |
| New York | | | | own property or person. Contrast with |
| Oxnard | | Shopping around is the best way to | | Third Party Insurance. |
| Lawton | | save money on your insurance. | | |
