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| Independence | | People who are trying to quit | | Incurred Expense: Expenses not yet |
| Cape Coral | | smoking, for example, might be best | | paid. Can also include paid |
| Oxnard | | suited purchasing a shorter term (and | | expenses in some accounting |
| West Palm Beach | | then replacing it with a longer term | | systems. |
| Dallas | | policy when they qualify for | | |
| Fort Collins | | non-tobacco prices). | | Tickler: A reminder system used to |
| Chula Vista | | | | call an individual's attention to actions |
| Evansville | | Everyone has different needs, and | | that must be taken at a future point in |
| Williamsburg | | not one size fits all when it comes to | | time. |
| Springfield | | term life insurance. While it may make | | |
| Warren | | sense for people in their 30s and 40s | | Mutualization: The process of |
| Coral Springs | | to secure a 20-year term length, a | | converting a stock insurer to a mutual |
| Fayetteville | | 10-year term might be more | | insurer, accomplished by having the |
| Lincoln | | appropriate for someone nearing | | insurer buy stock and retire it. |
| Mansfield | | retirement. | | |
| Boise | | | | Liabilities: Money owed or expected |
| West Palm Beach | | Individuals who have 30-year | | to be owed. Insurance company |
| Dothan | | mortgages might want to consider a | | financial statements, for instance, |
| Pensacola | | 30-year term to ensure that the house | | show assets and liabilities. |
| Toledo | | is protected throughout the period of | | |
| Johnson City | | the loan. | | Captive Agent: One who sells |
| Spokane | | | | insurance for only one company as |
| Chicago | | If you decide to cancel your policy | | opposed to an agent who represents |
| Green Bay | | (after acquiring new coverage) | | several companies. |
| Greeley | | outside of the 30-day period, you may | | |
| Evanston | | have to pay a fee or penalty. | | Society of Insurance Research: An |
| Harlingen | | However, you may still save money | | organization which encourages |
| Greeley | | after paying the fee if your new policy | | insurance research and promotes the |
| Los Angeles | | affords you significant savings. So | | exchange of ideas and methods of |
| Duluth | | while it is best to wait until your | | research. |
| Clarksville | | receive your renewal notice, you CAN | | |
| St. Joseph | | cancel your policy at any time. | | Open Rating: A system whereby a |
| Eugene | | | | state allows an insurer to use rates |
| Orange | | Shopping around is the best way to | | without prior approval. |
| Turlock | | save money on your insurance. | | |
