Life
Payment to beneficiaries who were named by the insured person.
what is Life Insurance?
Protects individuals against risk from automobile accidents.
what is Auto Insurance?
Provides money to pay for health care.
what is Health insurane?
Payment to insured person if his/her property is damaged or destroyed by an accident.
what is Property Insurance?
Someone who receives money if an insured person dies.
what is a Beneficiary?
Contract between the individual and insurer
specifying terms of the insurance.
what is a Policy?
Hospital bills, Doctor's visits, Vision care, Dental care, and etc.
what are Risk covered?
Pays for loss to insured person.
who is covered in Property Insurance?
Someone who relies on someone else for income and care.
What is a Dependent?
Amount paid by the policy holder
(consumer) for the initial portion of a
loss before the insurance coverage begins.
what is a Premium?
Payment to replace earnings during times when workers cannot work due to illness or injury.
what is Disability?
Payment to others if a member of the insured household accidently causes harm to other people or property.
what is Liability Insurance?
Unpaid work, such as child care or meal preparation.
what is House Production?
Fee paid to the insurance company to be
covered under the specified terms.
what is a Deductible?
Payment for extended nursing care when a person cannot live independently (but doesn’t need to be hospitalized)?
what is Long-term care Insurance?
Pays for injury or loss to others.
what is covered by Liability?
Is the cash amount offered to the policy owner by the issuing life insurance company until the cancellation of the contract.
what is Cash Value?
Driver or car owner is held legally
responsible for injuries suffered by another person.
what is Bodily Injury?
Provided by employers, individuals, and/or government.
what is Disability Insurance?
Payment to cover liability losses and damage/loss of home structure and its contents.
what is Homeowners Insurance?