| A | B |
|---|
| insurance | financial agreement between a person and insurance company to financially protect the person from unexpected events |
| auto insurance | financially protects the person against car accidents |
| 3 major types of car insurance | liability, collision, and comprehensive |
| renter's insurance | protects person from loss of their possessions inside where they live |
| 5 major types of insurance | auto, home/renter's, health, life, disability |
| health insurance | financially protects the person from injury or illness |
| life insurance | provides money when the insured person dies |
| term life insurance | provides protection for a specific period of time at an affordable cost |
| whole life insurance | provides protection for the persons entire life and accumulates a cash value that the policy ownder can borrow |
| disability insurance | replaces a portion of the person's income if they become unable to work due to illness or injury |
