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| Sioux City | | Everyone has different needs, and | | Director of Insurance: A title used in |
| Springfield | | not one size fits all when it comes to | | some states for the head of the |
| Fall River | | term life insurance. While it may make | | department of insurance. |
| Pasadena | | sense for people in their 30s and 40s | | |
| Clarksville | | to secure a 20-year term length, a | | Nonassignable: A policy that the |
| Brooklyn | | 10-year term might be more | | owner cannot assign to a third party. |
| Duluth | | appropriate for someone nearing | | Most policies are nonassignable |
| El Cajon | | retirement. | | unless approval is given by the |
| Inglewood | | | | insurer. |
| Rapid City | | Make sure you have a new policy in | | |
| Miami | | place before you cancel your old one | | Effective Date: The date on which the |
| Shreveport | | to avoid a lapse in coverage. This will | | protection of an insurance policy or |
| Corona | | also prevent having to figure out the | | bond goes into effect. |
| Lancaster | | amount of any unused premium that is | | |
| Stockbridge | | due to you from your old insurance | | Theory of Probability: The |
| Corona | | company, or having to spar with your | | mathematical principle upon which |
| Lubbock | | agent about exactly when your policy | | insurance is based. |
| Abilene | | was cancelled and how much they | | |
| South Bend | | owe you. | | Retrospective Premium: The final |
| Oxnard | | | | premium in a retrospective rating |
| Biloxi | | Why not take advantage of current | | plan. See Retrospective Rating. |
| Glendale | | low prices? Many auto insurance | | |
| Chula Vista | | consumers are becoming educated | | Level Commission System: A system |
| Elkhart | | on other companies, plans, and rates | | of commissions in which the first year |
| Racine | | that are available to them; ones that | | and all renewal commissions are the |
| Schenectady | | could afford them significant savings | | same percentage of the premium. |
| Ocala | | on their auto insurance. | | |
| Quincy | | | | Tickler: A reminder system used to |
| Irving | | While some companies raise their | | call an individual's attention to actions |
| Ogden | | prices based on your actual age, | | that must be taken at a future point in |
| Schenectady | | most companies increase the price of | | time. |
| Corona | | their policies six months before your | | |
| Boston | | birthday. Its a term called Age | | Policywriting Agent: An agent who has |
| Morristown | | Nearest in the industry, and that | | the authority to prepare and effect an |
| Dayton | | half-year price increase could really | | insurer's policy. |
| Boston | | add up over a 20-year term policy. As | | |
| Hemet | | above, the quicker you purchase your | | |
| St. Paul | | policy the better. | | |
