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| Redlands | | The quickest and easiest way to | | Gross Premium: The net premium |
| North Hollywood | | shop for new insurance is by | | plus operating expenses, |
| Columbia | | comparing rates at InsWebs online | | commissions and other expenses. |
| San Diego | | marketplace. If you do it the | | |
| Berkeley | | old-fashioned way (by calling or | | Submitted Business: Applications for |
| Scranton | | visiting multiple agents or insurance | | insurance submitted to an insurer but |
| Lima | | companies) it could take up a huge | | not yet acted upon by it. |
| White Plains | | chunk of your time, which no one | | |
| Quincy | | wants or needs. By completing | | Insurance Policy: The printed form |
| Baltimore | | InsWebs online application, you will | | which serves as the contract between |
| Newport News | | have rates to compare to your old | | an insurer and an insured. |
| Chesapeake | | ones within minutes! | | |
| Lima | | | | Tickler: A reminder system used to |
| Madison | | Make sure you have a new policy in | | call an individual's attention to actions |
| Tuscaloosa | | place before you cancel your old one | | that must be taken at a future point in |
| Jackson | | to avoid a lapse in coverage. This will | | time. |
| Fort Myers | | also prevent having to figure out the | | |
| Glendale | | amount of any unused premium that is | | Broker of Record: A broker who has |
| Burbank | | due to you from your old insurance | | been designated to handle certain |
| San Antonio | | company, or having to spar with your | | insurance contracts for the |
| Lakewood | | agent about exactly when your policy | | policyholder. |
| Miami | | was cancelled and how much they | | |
| Lincoln | | owe you. | | Notice To Company: Written notice to |
| Winter Haven | | | | an insurer of the occurrence of an |
| St. Paul | | The best time to switch policies is | | event which a claim is to be based. |
| Akron | | within one month of receiving your | | |
| Stockton | | policy renewal from your current | | Professional Insurance Agents |
| Columbia | | insurer. You can typically cancel your | | Association: A trade association of |
| Woodbridge | | policy without any fees or penalties if | | mutual insurance agents. |
| Englewood | | you act within this time period. | | |
| Phoenix | | | | Brokerage Business: Business |
| Philadelphia | | Everyone has different needs, and | | offered to an insurer by a broker. This |
| Franklin | | not one size fits all when it comes to | | is sometimes called excess or |
| Waterloo | | term life insurance. While it may make | | surplus business. |
| Springfield | | sense for people in their 30s and 40s | | |
| Lima | | to secure a 20-year term length, a | | |
| Wilmington | | 10-year term might be more | | |
| Aurora | | appropriate for someone nearing | | |
| Yonkers | | retirement. | | |
