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| Lakeland | | Everyone has different needs, and | | Paid-In Surplus: Surplus paid in by |
| Irving | | not one size fits all when it comes to | | stockholders, as contrasted with |
| Ventura | | term life insurance. While it may make | | surplus earned through the |
| Lafayette | | sense for people in their 30s and 40s | | operations of a business. |
| Warren | | to secure a 20-year term length, a | | |
| Pueblo | | 10-year term might be more | | Notice of Cancellation: Written notice |
| Milwaukee | | appropriate for someone nearing | | by an insurer of intent to cancel |
| Decatur | | retirement. | | insurance, or written notice by an |
| Charlotte | | | | insured requesting cancellation. |
| Mansfield | | The best time to switch policies is | | |
| Tulsa | | within one month of receiving your | | Minimum Premium: The smallest |
| Omaha | | policy renewal from your current | | amount of premium for which an |
| Schaumburg | | insurer. You can typically cancel your | | insurer will issue coverage under a |
| Bradenton | | policy without any fees or penalties if | | given policy. |
| Brooklyn | | you act within this time period. | | |
| Rome | | | | Federal Deposit Insurance |
| San Diego | | Shopping around is the best way to | | Corporation (FDIC): An agency of the |
| Henderson | | save money on your insurance. | | federal government which insures |
| Rapid City | | | | bank deposits up to a stated |
| Eugene | | Life insurance, specifically Term Life, | | maximum. |
| Woodbridge | | is arguably one of the best values in | | |
| Sioux Falls | | the entire financial services arena. | | Index Bureau Experience: A measure |
| Naperville | | Where else can you go and get | | of losses relating to claims reported |
| Trenton | | hundreds of thousands of dollars in | | through a claim office during a |
| Lansing | | protection for literally pennies per | | 12-month period. |
| Goldsboro | | day? Rates for Term Life insurance | | |
| Alexandria | | remain at all-time lows, and now is the | | Level Commission System: A system |
| York | | time to lock in the best prices. | | of commissions in which the first year |
| Racine | | | | and all renewal commissions are the |
| Eugene | | Make sure you have a new policy in | | same percentage of the premium. |
| Lexington | | place before you cancel your old one | | |
| Memphis | | to avoid a lapse in coverage. This will | | Underwriters Laboratories, Inc. (UL): A |
| New York | | also prevent having to figure out the | | testing laboratory for manufactured |
| Cherry Hill | | amount of any unused premium that is | | items to determine their safety |
| Manchester | | due to you from your old insurance | | propensities. |
| Lafayette | | company, or having to spar with your | | |
| Des Moines | | agent about exactly when your policy | | |
| Winter Park | | was cancelled and how much they | | |
| Corpus Christi | | owe you. | | |
