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| Oceanside | | If you decide to cancel your policy | | Producer: A term applied to an agent, |
| Mansfield | | (after acquiring new coverage) | | solicitor or other person who sells |
| Rockville | | outside of the 30-day period, you may | | insurance. |
| Fremont | | have to pay a fee or penalty. | | |
| Boise | | However, you may still save money | | Premium: The price of insurance |
| Cypress | | after paying the fee if your new policy | | protection for a specified risk for a |
| Santa Ana | | affords you significant savings. So | | specified period of time. |
| Owensboro | | while it is best to wait until your | | |
| Tallahassee | | receive your renewal notice, you CAN | | Absolute Assignment: Assignment by |
| Zanesville | | cancel your policy at any time. | | a policy owner of all control of and |
| Silver Spring | | | | rights in the policy to a third party. |
| Hickory | | Everyone has different needs, and | | |
| Longview | | not one size fits all when it comes to | | Brokerage Department: A department |
| Valdosta | | term life insurance. While it may make | | of an insurer whose purpose is to |
| Muncie | | sense for people in their 30s and 40s | | deal with brokers in the placing of |
| Albuquerque | | to secure a 20-year term length, a | | insurance. |
| Honolulu | | 10-year term might be more | | |
| Orlando | | appropriate for someone nearing | | Short Rate Premium: The premium |
| Flushing | | retirement. | | required for issuing a policy for a |
| Newark | | | | period less than its normal term. |
| Asheville | | Make sure you have a new policy in | | |
| Littleton | | place before you cancel your old one | | Premises: The particular location of |
| Santa Rosa | | to avoid a lapse in coverage. This will | | property or a portion thereof as |
| New Orleans | | also prevent having to figure out the | | designated in a policy. |
| Fort Wayne | | amount of any unused premium that is | | |
| Independence | | due to you from your old insurance | | License: A certification of authority for |
| Conroe | | company, or having to spar with your | | an agent or insurer to operate, given |
| Longmont | | agent about exactly when your policy | | by the appropriate jurisdiction. |
| Tempe | | was cancelled and how much they | | |
| Kansas City | | owe you. | | Calendar Year Experience: This |
| Kingsport | | | | measures the premiums and losses |
| Baltimore | | The quickest and easiest way to | | entered on accounting records during |
| Asheville | | shop for new insurance is by | | the 12-month calendar. |
| Asheville | | comparing rates at InsWebs online | | |
| Tempe | | marketplace. If you do it the | | |
| Greenville | | old-fashioned way (by calling or | | |
| Lafayette | | visiting multiple agents or insurance | | |
| Littleton | | companies) it could take up a huge | | |
| Fort Collins | | chunk of your time, which no one | | |
| Anderson | | wants or needs. By completing | | |
| Long Beach | | InsWebs online application, you will | | |
| Tuscaloosa | | have rates to compare to your old | | |
| Metairie | | ones within minutes! | | |
