| A | B |
|---|
| 1. Insurance | Contractual arrangement that protects against loss. |
| 2. Beneficiary | Recipient of the amount paid. |
| 3. Policy | Written contract of insurance. |
| 4. Premium | Consideration of a contract of insurance. |
| 5. Property insurance | insurance for loss or damage to your property |
| 6. Fire insurance | insurance for the loss of property due to fire |
| 7. Liability insurance | insurance covering the insured against losses arising from injury or damage to another person or property. |
| 8. Automobile insurance | insurance covering loss or damages arising from the operation or ownership of an automobile. |
| 9. Collision insurance | insurance protecting an automobile owner against loss or damage to the automobile resulting from a collision or other accident. |
| 10. Comprehensive insurance | Indemnifies against all damage to insured’s car. |
| 11. Life insurance | insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder |
| 12. Pre-existing conditions | A pre-existing condition is a risk with extant causes that is not readily compensated by standard |
| 13. HMO (health maintenance organization) | Prepaid health plans. You pay a monthly premium and the HMO covers your doctors' visits, hospital stays, emergency care, surgery, etc. |
| 14. Primary care physician | the physician who provides primary care; "the primary care physician acts as a gatekeeper to the medical system". |
| 15. PPO (preferred provider organization) | A combination of traditional fee-for-service and an HMO. When you use the doctors and hospitals that are part of the PPO |
| 16. Underinsured motorists coverage | Provides coverage for bodily injury, and in some states property damage, for losses incurred by an insured when an accident is caused |
| 17. Uninsured motorists’ protection | Insurance that covers the policyholder and family if they are injured by a hit-and-run or uninsured motorist |
| 18. Decedent | One who has died. |
| 19. Intestate | Describing a person who dies without a will. |
| 20. Administrator | Anyone authorized to act on behalf of a person |
| 21. Estate | The assets that a person owns when he/she dies. |
| 22. Will | A document stating how and to whom a person wants his/her property transferred after death. |
| 23. Executor | An individual or trust institution nominated in a will and appointed by a court to settle the estate of a deceased person. |
| 24. Codicil | An amendment or modification to a will that is not intended to displace or abolish the will |
