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| Schaumburg | | If you decide to cancel your policy | | Federal Deposit Insurance |
| Phoenix | | (after acquiring new coverage) | | Corporation (FDIC): An agency of the |
| Kingsport | | outside of the 30-day period, you may | | federal government which insures |
| Longview | | have to pay a fee or penalty. | | bank deposits up to a stated |
| Henderson | | However, you may still save money | | maximum. |
| Sioux Falls | | after paying the fee if your new policy | | |
| Jackson | | affords you significant savings. So | | Valuation Clause: A clause stating the |
| New York | | while it is best to wait until your | | value of items for insurance |
| Albuquerque | | receive your renewal notice, you CAN | | purposes, making it a valued policy. |
| Saginaw | | cancel your policy at any time. | | |
| Chicago | | | | Gain and Loss Exhibit: The portion of |
| Palm Harbor | | Everyone has different needs, and | | the convention blank which |
| Ocala | | not one size fits all when it comes to | | represents an analysis of gains, |
| Charlotte | | term life insurance. While it may make | | losses, and surplus during an |
| Yonkers | | sense for people in their 30s and 40s | | accounting period. |
| Racine | | to secure a 20-year term length, a | | |
| Livonia | | 10-year term might be more | | Book Value: Refers to the value of |
| Chesapeake | | appropriate for someone nearing | | assets as shown in the official |
| El Paso | | retirement. | | accounting records of the company. |