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| Salem | | Shopping around is the best way to | | Policy Anniversary: The anniversary |
| Myrtle Beach | | save money on your insurance. | | of the date of issue of a policy as |
| Fort Wayne | | | | shown in the policy declarations. |
| Washington | | If you decide to cancel your policy | | |
| Columbia | | (after acquiring new coverage) | | Initial Premium: An amount paid at the |
| Silver Spring | | outside of the 30-day period, you may | | inception of an insurance contract, |
| Quincy | | have to pay a fee or penalty. | | usually subject to adjustment at the |
| Buffalo | | However, you may still save money | | end of the policy period. |
| Oklahoma City | | after paying the fee if your new policy | | |
| Jonesboro | | affords you significant savings. So | | Absolute Assignment: Assignment by |
| El Cajon | | while it is best to wait until your | | a policy owner of all control of and |
| Pittsburgh | | receive your renewal notice, you CAN | | rights in the policy to a third party. |
| Boynton Beach | | cancel your policy at any time. | | |
| Silver Spring | | | | Brokerage Department: A department |
| Macon | | While some companies raise their | | of an insurer whose purpose is to |
| Saginaw | | prices based on your actual age, | | deal with brokers in the placing of |
| St. Louis | | most companies increase the price of | | insurance. |
| Kingsport | | their policies six months before your | | |
| Vero Beach | | birthday. Its a term called Age | | Paid-In Surplus: Surplus paid in by |
| Spartanburg | | Nearest in the industry, and that | | stockholders, as contrasted with |
| Muncie | | half-year price increase could really | | surplus earned through the |
| Daytona Beach | | add up over a 20-year term policy. As | | operations of a business. |
| Jackson | | above, the quicker you purchase your | | |
| Florissant | | policy the better. | | Mutualization: The process of |
| Fullerton | | | | converting a stock insurer to a mutual |
| Duluth | | Life insurance, specifically Term Life, | | insurer, accomplished by having the |
| Scranton | | is arguably one of the best values in | | insurer buy stock and retire it. |
| Fresno | | the entire financial services arena. | | |
| Fredericksburg | | Where else can you go and get | | Monoline Policy: Any insurance |
| Newark | | hundreds of thousands of dollars in | | coverage written as a single line |
| Anaheim | | protection for literally pennies per | | policy. Contrast with Multiple Line or |
| Muncie | | day? Rates for Term Life insurance | | Package policy. |
| Knoxville | | remain at all-time lows, and now is the | | |
| Akron | | time to lock in the best prices. | | Theory of Probability: The |
| Alameda | | | | mathematical principle upon which |
| Lafayette | | | | insurance is based. |
