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| Poughkeepsie | | Life insurance, specifically Term Life, | | Exclusion: A contractual provision that |
| Birmingham | | is arguably one of the best values in | | denies coverage for certain perils, |
| Southfield | | the entire financial services arena. | | persons, property, or locations. |
| Tucson | | Where else can you go and get | | |
| Torrance | | hundreds of thousands of dollars in | | Losses Outstanding: A summary |
| Orange Park | | protection for literally pennies per | | statement prepared by Property, Life, |
| Longmont | | day? Rates for Term Life insurance | | and Liability insurers showing claims |
| Cincinnati | | remain at all-time lows, and now is the | | not yet settled. |
| Littleton | | time to lock in the best prices. | | |
| Glendale | | | | Society of Insurance Research: An |
| South Bend | | The best time to switch policies is | | organization which encourages |
| Ventura | | within one month of receiving your | | insurance research and promotes the |
| Grand Rapids | | policy renewal from your current | | exchange of ideas and methods of |
| Hollywood | | insurer. You can typically cancel your | | research. |
| West Chester | | policy without any fees or penalties if | | |
| Mountain View | | you act within this time period. | | Mandatory Valuation Reserve: A |
| Biloxi | | | | reserve required by a state law to |
| Boulder | | Everyone has different needs, and | | offset any declines in the valuation of |
| Alexandria | | not one size fits all when it comes to | | securities listed as admitted assets. |
| Jersey City | | term life insurance. While it may make | | |
| Fremont | | sense for people in their 30s and 40s | | Broker-Agent: One acting as an agent |
| Huntsville | | to secure a 20-year term length, a | | of one or more insurers and as a |
| Flint | | 10-year term might be more | | broker in dealing with one or more |
| Wichita Falls | | appropriate for someone nearing | | other insurers. |
| Wichita | | retirement. | | |
| Riverside | | | | Book Value: Refers to the value of |
| Toledo | | If you decide to cancel your policy | | assets as shown in the official |
| Burbank | | (after acquiring new coverage) | | accounting records of the company. |
| Littleton | | outside of the 30-day period, you may | | |
| Vero Beach | | have to pay a fee or penalty. | | Premises: The particular location of |
| Woodbridge | | However, you may still save money | | property or a portion thereof as |
| Fort Worth | | after paying the fee if your new policy | | designated in a policy. |
| Salt Lake City | | affords you significant savings. So | | |
| Syracuse | | while it is best to wait until your | | Net Retention: The amount of |
| Roanoke | | receive your renewal notice, you CAN | | insurance that a ceding company |
| Fort Wayne | | cancel your policy at any time. | | keeps for its own account and does |
| Colorado Springs | | | | not reinsure. |
