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| Fredericksburg | | If you decide to cancel your policy | | Net Interest Earned: The average |
| Myrtle Beach | | (after acquiring new coverage) | | interest earned by an insurer on its |
| Shreveport | | outside of the 30-day period, you may | | investments after investment expense |
| Escondido | | have to pay a fee or penalty. | | but before federal income taxes. |
| Kansas City | | However, you may still save money | | |
| Wichita Falls | | after paying the fee if your new policy | | Brokerage Department: A department |
| Costa Mesa | | affords you significant savings. So | | of an insurer whose purpose is to |
| Phoenix | | while it is best to wait until your | | deal with brokers in the placing of |
| Anaheim | | receive your renewal notice, you CAN | | insurance. |
| Richmond | | cancel your policy at any time. | | |
| Santa Clara | | | | Claim Report: A report filed by an |
| Boulder | | Individuals who have 30-year | | agent setting forth the facts of a claim. |
| Anchorage | | mortgages might want to consider a | | Same as Loss Report. |
| Fairfax | | 30-year term to ensure that the house | | |
| Erie | | is protected throughout the period of | | Gain and Loss Exhibit: The portion of |
| Winter Park | | the loan. | | the convention blank which |
| Tucson | | | | represents an analysis of gains, |
| Owensboro | | Life insurance, specifically Term Life, | | losses, and surplus during an |
| Spokane | | is arguably one of the best values in | | accounting period. |
| Duluth | | the entire financial services arena. | | |
| Kansas City | | Where else can you go and get | | Preferred Risk: Any risk considered |
| San Jose | | hundreds of thousands of dollars in | | to be better than the standard risk on |
| Jersey City | | protection for literally pennies per | | which the premium rate was |
| Grand Junction | | day? Rates for Term Life insurance | | calculated. |
| Fredericksburg | | remain at all-time lows, and now is the | | |
| Virginia Beach | | time to lock in the best prices. | | Agency Contract (or Agreement): The |
| Lafayette | | | | document which establishes the legal |
| Walnut Creek | | People who are trying to quit | | relationship between an agent and an |
| Whittier | | smoking, for example, might be best | | insurer. |
| Norfolk | | suited purchasing a shorter term (and | | |
| Berkeley | | then replacing it with a longer term | | Flat Cancellation: A policy which is |
| High Point | | policy when they qualify for | | cancelled upon its effective date. |
| Bayside | | non-tobacco prices). | | Usually under a flat cancellation no |
| High Point | | | | premium charge is made. |
