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| Dayton | | Everyone has different needs, and | | Commingling: An illegal practice |
| Vero Beach | | not one size fits all when it comes to | | which occurs when an agent mixes |
| Alexandria | | term life insurance. While it may make | | personal funds with the insured's or |
| Cypress | | sense for people in their 30s and 40s | | insurer's funds. |
| Council Bluffs | | to secure a 20-year term length, a | | |
| Bloomington | | 10-year term might be more | | Incurred Expense: Expenses not yet |
| Abilene | | appropriate for someone nearing | | paid. Can also include paid |
| Columbus | | retirement. | | expenses in some accounting |
| Torrance | | | | systems. |
| Flint | | If you decide to cancel your policy | | |
| Bay City | | (after acquiring new coverage) | | Indemnity: Restoration to the victim of |
| Corpus Christi | | outside of the 30-day period, you may | | a loss by payment, repair, or |
| Fullerton | | have to pay a fee or penalty. | | replacement. |
| Albany | | However, you may still save money | | |
| Columbus | | after paying the fee if your new policy | | Fictitious Groups: Groups formed |
| Chicago | | affords you significant savings. So | | primarily for the purpose of buying |
| Fort Collins | | while it is best to wait until your | | insurance. Under the law such groups |
| Springfield | | receive your renewal notice, you CAN | | may not be underwritten. |
| Myrtle Beach | | cancel your policy at any time. | | |
| Tulsa | | | | Convention Values: Values assigned |
| Morristown | | Shopping around is the best way to | | to insurers' assets in the convention |
| Tulsa | | save money on your insurance. | | blank. |
