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| Anaheim | | Make sure you have a new policy in | | Countersignature: The signature of a |
| Memphis | | place before you cancel your old one | | licensed agent or representative on a |
| Cape Coral | | to avoid a lapse in coverage. This will | | policy. |
| Sacramento | | also prevent having to figure out the | | |
| Dayton | | amount of any unused premium that is | | Buy-Back" Deductible: A deductible |
| Tulsa | | due to you from your old insurance | | which may be eliminated for an |
| Akron | | company, or having to spar with your | | additional premium in order to |
| York | | agent about exactly when your policy | | provide "first-dollar" coverage. |
| Fort Lauderdale | | was cancelled and how much they | | |
| Oklahoma City | | owe you. | | Deflation: An economic period |
| Fort Worth | | | | characterized by falling prices, high |
| Zanesville | | If you decide to cancel your policy | | unemployment and a generally |
| Palm Desert | | (after acquiring new coverage) | | sluggish or slow economy. |
| Lubbock | | outside of the 30-day period, you may | | |
| Columbia | | have to pay a fee or penalty. | | FICA. Federal Insurance Contributions |
| Charlotte | | However, you may still save money | | Act: A law imposing a payroll tax to |
| Fredericksburg | | after paying the fee if your new policy | | assist in funding Social Security |
| Las Vegas | | affords you significant savings. So | | benefits. |
| Oklahoma City | | while it is best to wait until your | | |
| Newark | | receive your renewal notice, you CAN | | Valuation Clause: A clause stating the |
| Santa Ana | | cancel your policy at any time. | | value of items for insurance |
| Decatur | | | | purposes, making it a valued policy. |
| Olympia | | People who are trying to quit | | |
| Cypress | | smoking, for example, might be best | | Approved: The condition which exists |
| Warren | | suited purchasing a shorter term (and | | when the person or object to be |
| Racine | | then replacing it with a longer term | | insured meets the underwriting |
| Acworth | | policy when they qualify for | | standards of the insurer. |
| Lansing | | non-tobacco prices). | | |
| Fullerton | | | | Accident: An unplanned event, |
| Dallas | | Everyone has different needs, and | | unexpected and undesigned, which |
| Greeley | | not one size fits all when it comes to | | occurs suddenly and at a definite |
| Shreveport | | term life insurance. While it may make | | place. |
| Clearwater | | sense for people in their 30s and 40s | | |
| Muskegon | | to secure a 20-year term length, a | | Gain and Loss Exhibit: The portion of |
| Duluth | | 10-year term might be more | | the convention blank which |
| Duluth | | appropriate for someone nearing | | represents an analysis of gains, |
| Quincy | | retirement. | | losses, and surplus during an |
| San Antonio | | | | accounting period. |
