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Business Math Ch 7.1-7.3 Insurance

AB
person who is covered by insurancethe “insured”
type of policy may cover you for several years or until you reach retirement agelong term disability
type of policy pays you a portion of your income for a short period of time, such as 13-26 weeksshort term disability
a return on part of your premiumdividend
a way of protecting your family from financial hardship when you dielife insurance
out-of-pocket payment of remaining health billsco-insurance
helps pay expenses of a hospital stayhospitalization insurance
covers the fees of doctors who do surgerysurgical insurance
person named in the policy to receive the death benefitsbeneficiary
pays workers a portion of the income they lose if they cannot work due to a health condition or injurydisability insurance
pays the fees of other doctors who see you in or out of the hospital , or physical therapymedical insurance
the money that you get if you can your life insurance policycash value
insurance that offers protection for a fixed period of timeterm life insurance
protects against financial loss from medical billshealth insurance
type of policy may cover you for several years or until you reach retirement ageworkers compensation



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