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| Long Beach | | The best time to switch policies is | | Brokerage Department: A department |
| Indianapolis | | within one month of receiving your | | of an insurer whose purpose is to |
| Des Moines | | policy renewal from your current | | deal with brokers in the placing of |
| Davenport | | insurer. You can typically cancel your | | insurance. |
| Lincoln | | policy without any fees or penalties if | | |
| Louisville | | you act within this time period. | | Insurance to Value: Insurance written |
| Youngstown | | | | in an amount approximating the value |
| Waterloo | | Shopping around is the best way to | | of the property insured. |
| Jasper | | save money on your insurance. | | |
| Palm Harbor | | | | Premium Receipt: The receipt given |
| St. Paul | | Everyone has different needs, and | | a policy owner for the payment of a |
| Fresno | | not one size fits all when it comes to | | premium. |
| Portland | | term life insurance. While it may make | | |
| Saginaw | | sense for people in their 30s and 40s | | Provisional Rate: Tentative rates, |
| Troy | | to secure a 20-year term length, a | | premiums or commissions that are |
| Wichita | | 10-year term might be more | | subject to subsequent adjustment. |
| Ocala | | appropriate for someone nearing | | See Commission and Premium. |
| Las Vegas | | retirement. | | |
| Myrtle Beach | | | | Minimum Premium: The smallest |
| Spokane | | Life insurance, specifically Term Life, | | amount of premium for which an |
| Springfield | | is arguably one of the best values in | | insurer will issue coverage under a |
| Oklahoma City | | the entire financial services arena. | | given policy. |
| Sterling Heights | | Where else can you go and get | | |
| Longwood | | hundreds of thousands of dollars in | | Flat Cancellation: A policy which is |
| Quincy | | protection for literally pennies per | | cancelled upon its effective date. |
| Turlock | | day? Rates for Term Life insurance | | Usually under a flat cancellation no |
| Santa Rosa | | remain at all-time lows, and now is the | | premium charge is made. |
| Birmingham | | time to lock in the best prices. | | |
| San Diego | | | | Broker of Record: A broker who has |
| El Cajon | | People who are trying to quit | | been designated to handle certain |
| Trenton | | smoking, for example, might be best | | insurance contracts for the |
| Southfield | | suited purchasing a shorter term (and | | policyholder. |
| Owensboro | | then replacing it with a longer term | | |
| Venice | | policy when they qualify for | | Loss Frequency: The number of times |
| Sumter | | non-tobacco prices). | | a loss occurs over a specific period |
| Lawrenceville | | | | of time. |
