| A | B |
|---|
| stoeln identity, medicla emergency, car accident are all examples of finanical risks that would require | $500 or more to cover |
| The time between the disabling event and the beginning of payments in your disability coverage is called | Elimination period |
| Life insurance policy for a specific period of time | term |
| purpose of insurance is to | tranfer risk |
| earn good grades, take drivers' education, increase your deductible, shop around for lowest price | ways to drop car insurance premiums |
| insurance NOT recommended for a young single adult | life insurance |
| insurance is needed by these people | EVERYONE |
| people whose kids are grown, have no debt, and have fully funded retirement are considered | self-insured |
| this nsurance coverage is a bad idea | duplicate |
| adults of all ages should carry this type of insurance | long term care insurance |
| you need both of these insurance policies to make sure you are covering your health risks | disability & health |
| Cash value insurance is normally for life and is more expensive than term life insurance because it funds a | savings plan |
| who should have a will | EVERYONE |
| having both cancer and hospital indemnity insurance would be considered | duplicate coverage |
| in a two-car accident in which you are at fault. The other driver is injured and your insurance covers the medical expenses-this type of insurnace is called what | liability |
| covers damage donw to your car that is not caused by a collision | comprehensive damage |
| you will want to carry this type of insurance if you rent your home and have many expensive possessions | renters insurance |
| an example of a bad insurance desicion | prepaid burial service |
| duplicate, extra insurance on top of your already existing insurance is | NOT NECESSARY |
| Good identity theft protection includes | restoration services |
| if possible you want to get your disability coverage through | your employer |
| Describes the type of coverage in an insurance agreement | policy |
| The recipient of assets passed on from the death of a friend or relative | Beneficiary |
| A legally enforceable declaration of how a person wishes his or her property to be distributed after death | Will |
| Specific amount of money that you pay when insurance only covers a portion of costs | Out-of-pocket Expense |
| Applies to the amount of protection you have through an insurance company in the event of a loss | Coverage |
| Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure | Claim |
| The amount you pay monthly, quarterly, semiannually, or annually to purchase different types of insurance | Premium |
| Insurance that covers property damage and medical bills if you are at fault in a car accident or if someone gets hurt on your property | Liability |
| Amount you must pay before you begin receiving any benefits from your insurance company | Deductible |
| An amount of money you pay to help cover a portion of your medical costs | Co-payment |
