| A | B |
|---|
| Premium | Insurance payment |
| Life Insurance | Helps cover funeral expenses and provides money for the family |
| Health Insurance | Helps with the cost of medical care |
| Beneficiary | One who receives the money from a life insurance policy |
| Actuary | Mathematicisn that makes insurance calculations and predictions |
| Term life insurance | Pays only if the insured person dies within the limited time period. |
| Insurance | Protection against material loss |
| Insurance policy | An agreement between an insurance company and the individual buying insurance |
| Straight or Ordinary life insurance | The individual must pay premiums until he dies |
| Limited Payment life insurance | The insured pays higher premiums for 20 or 30 years |
| Endowment life insurance | The insured can save a sum of money that becomes available on its maturity date |
| Maturity Date | The date an endowment life insurance policy can be collected |
| Cash Surrender Value | The amount that can be collected from a life insurance policy before maturity |
| Deductible | The expense that the insured myst pay for the medical care himself |
| Disability Income insurance | Replaces income from inability to work |
| Liability automobile insurance | Covers the damage a car owner might do to another person or his property |
| Collision automobile insurance | Accident insurance for the policyholder's car |
| Comprehensive automobile insurance | Covers the expense of damange from fire, hail, sandstorm, theft, etc. |
