| | | | |
|
| Baton Rouge | | Life insurance, specifically Term Life, | | Losses Incurred: The total losses, |
| Melbourne | | is arguably one of the best values in | | whether paid or not, sustained by an |
| Cherry Hill | | the entire financial services arena. | | insurer during a given period, e.g., 12 |
| Glendale | | Where else can you go and get | | months. |
| Melbourne | | hundreds of thousands of dollars in | | |
| Shreveport | | protection for literally pennies per | | Loss Frequency: The number of times |
| Lowell | | day? Rates for Term Life insurance | | a loss occurs over a specific period |
| San Jose | | remain at all-time lows, and now is the | | of time. |
| Bay City | | time to lock in the best prices. | | |
| Stockbridge | | | | Notice To Company: Written notice to |
| Buffalo | | The best time to switch policies is | | an insurer of the occurrence of an |
| Warwick | | within one month of receiving your | | event which a claim is to be based. |
| Bakersfield | | policy renewal from your current | | |
| Springfield | | insurer. You can typically cancel your | | Agency Company: An insurance |
| Cherry Hill | | policy without any fees or penalties if | | company that produces business |
| Omaha | | you act within this time period. | | through an agency network. Contrast |
| Norfolk | | | | with Direct Writer. |
| Dallas | | Individuals who have 30-year | | |
| Roanoke | | mortgages might want to consider a | | Lapsed Policy: One which has been |
| Newport News | | 30-year term to ensure that the house | | allowed to expire because of |
| Bayside | | is protected throughout the period of | | nonpayment of premiums. |
| Winter Park | | the loan. | | |
| Huntington | | | | Expense Allowance: A compensation |
| Portland | | Make sure you have a new policy in | | paid to an insurance agent in excess |
| Scottsdale | | place before you cancel your old one | | of prescribed commissions. |
| Bradenton | | to avoid a lapse in coverage. This will | | |
| Scranton | | also prevent having to figure out the | | Submitted Business: Applications for |
| Dayton | | amount of any unused premium that is | | insurance submitted to an insurer but |
| Berkeley | | due to you from your old insurance | | not yet acted upon by it. |
| Flint | | company, or having to spar with your | | |
| York | | agent about exactly when your policy | | Malicious Mischief: Similar to |
| Conroe | | was cancelled and how much they | | vandalism. Purposely damaging the |
| Albany | | owe you. | | rights or property of another. |
