Renting and Home Ownership
The opportunity to have another person take over rent payments and live in the rental unit is called
What is Subletting
The fee that a policyholder pays when an insurance company agrees to take on the risk.
What is a premium?
The type of health insurance coverage that pays for some or all of the daily costs of room and board during a hospital stay.
What is hospital expense?
A person who is named to receive the proceeds from a life insurance policy.
What is a beneficiary?
This company recently announced their bankruptcy filing and the closing of 200 stores.
What is Sears?
A form of housing in which the units are owned by a nonprofit organization
What is Cooperative Housing
The legal responsibility for the financial cost of another person's losses or injuries.
What is liability?
After you have reached a certain limit that you must pay for the deductible and coinsurance, the insurance company covers 100% of any additional cost.
What is an out of pocket limit?
This method of calculating your life insurance needs takes your current income × 7 × 70%.
What is the easy method?
This country is the first advanced country to legalize marijuana.
What is Canada?
An interest rate that can increase or decrease during the life of a loan.
What is ARM or Adjustable Rate Mortgage?
This type of insurance business agrees to pay for losses that may happen to someone it insures.
What is risk-sharing?
If you are concerned that your disability insurer may try to cancel your coverage if your health becomes poor, you should look for this type of health plan.
What is guaranteed renewability?
Of the 868 life insurance companies in the United States, about this percentage are stock companies.
What is 73%?
This team is leading the World Series 2 games to 0.
Who are the Boston Red Sox?
The document that transfers ownership of property from one party to another.
What is a deed?
Motor vehicle crashes cost over this amount in lost wages and medical bills every year.
What is $150 Billion?
This plan includes a group of doctors and hospitals that agree to provide health care at rates approved by the insurer.
What is a PPO?
Another name for temporary life insurance.
What is term life insurance?
The LCCC campus just celebrated this major anniversary.
What is 50 years?
A home that needs work and that you are able to get at a lower price.
What is a handyman's special?
If you choose to avoid the risk of a traffic accident by not driving to work, you are using this.
What is risk avoidance?
This health insurance provision sets specific levels of repayment for certain services.
What are internal limits?
This provision requires the policyholder to re-qualify as an acceptable risk and pay overdue premiums with interest in order to put a lapsed policy back in force.
What is a policy reinstatement?
The recording winning lotto ticket was sold in this state.
What is South Carolina?