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INSURANCE
INVESTING
RISK
SAVINGS
VOCABULARY
100
When you die, your beneficiaries receive a set amount of money to pay final expenses other debts.
What is Life Insurance?
100
A share in a corporation sold to the public.
What is stock?
100
Carries a low risk but only .5% interest
What is Savings Account?
100
PYF
What is Pay Yourself First?
100
This saver wants her savings insured by the FDIC
What is Bonds?
200
A pipe busts in the wall showering water into the hallway.
What is flood insurance?
200
Short Term
What is 6 months or less?
200
Apple or Orange
What is Apple = 50 pts / Orange = 200pts? RISK
200
The more you save, the more you ___ .
What is earn?
200
Issuer promises to pay the buyer a certain sum of money at the end of a period plus interest at intervals.
What are CDs?
300
A storm brings down golf ball size hail.
What is Homeowner's and / or Auto Insurance?
300
The more you invest, the longer you invest and the ___ the interest rate - the more money you make.
What is higher?
300
Legal contract between companies and policyholders that safeguard assets by providing financial payment
What is an Insurance Policy?
300
Getting interest on earned interest+principle.
What is Compound Interest?
300
To save automatically a portion of income for the future.
What is Pay Yourself First?
400
Two main types of auto insurance?
What is Full Coverage and Liability Only?
400
If you invested $500 for a year at 7%, how much money would you have at the end of that year?
What is $535?
400
The amount you pay before the insurance company pays anything.
What is a Deductible?
400
When you give up one thing to have another (financially)
What is Opportunity Cost?
400
A fee received or paid for the use of money.
What is Interest?
500
Two types of life insurance
What is Term and Whole Life?
500
Contains information that helps the investor see at a glance a number of things about the stock
What is Stock Quote?
500
Three things that affect how much you pay for life insurance?
What is health, career and age?
500
Income percentage(s) to save each month
What is 10% to 20%?
500
When the price of goods and services increase over time.
What is Inflation?