Money
The primary reason people invest their money.
What is to increase its value/size?
This must be paid before an insurance policy will pay benefits.
What is the deductible?
This insurance is required to purchase if you have a mortgage on your home.
What is property insurance?
The author of the book Treasure Principle.
Who is Randy Alcorn?
A promise to repay borrowed money at a fixed rate of interest.
What is a bond?
Setting aside a portion of current income for future use.
What is saving?
Natural, human or economic are categories for this type of management.
What is risk management?
What is renter's insurance?
In chapter one, from Matthew 13:44, the author stressed that the man who sold all he had and bought the field (with the hidden treasure) is not to be pitied. The authors states that most people miss this 3 word phrase from the passage.
What is "in his joy"?
Shares in the ownership of a corporation.
What are stocks?
An itemized, written plan that outlines estimated income and expenditures over a specific period.
What is a budget?
This term describes a request asking an insurance company to pay policy benefits.
What is a claim?
Exposure to something dangerous or harmful.
What is risk?
In chapter 2 of TP, Luke 12:33 shows that taking money and possessions we could have stored up on earth and giving them to the poor is how we do this.
What is store up treasures in heaven?
In what way could one mitigate the risks involved by riding a bicycle?
What is wearing a helmet?
The relationship between risks and rewards.
What is as risks increase, rewards increases?
What is as risks decrease, rewards decrease?
Buying insurance is a primary tool for ________ risk.
What is mitigating?
The primary benefit of purchasing insurance.
What is financial compensation for losses or damage?
In chapter 3, the author shares the first Treasure Principle, which starts with "God owns everything...." and ends with these 4 words.
What is I'm His money manager?
In what way could a homeowner mitigate the risks of a house fire?
What is by installing a smoke detector?
What is $250,000?
The reason high severity events have high premiums.
What is because they are expensive?
This is affected by an insurance customer's risk profile.
What is a premium?
In chapter 4, the author pushes back on some people's views that it is wrong to be motivated by heavenly treasures, stating that God Himself often talks about such rewards. Matthew 6:21 is restated as Treasure Principle #2 which starts with: "My heart always goes..." and ends with these 5 words.
What is where I put God's money?
These are the 4 main categories of insurance.
What are life, health, auto, and property insurance?