| A | B |
|---|
| Insurance | protection against financial loss |
| Whole Insurance | a life insurance policy where the premium remains constant and builds a cash value invested by the insurer; a more expensive policy than term. |
| Disability Insurance | A type of insurance paid to an individual if he/she is injured and is unable to work for a specified length of time. |
| Rider | an add-on to an insurance policy |
| Beneficiary | person entitled to benefits or proceeds of an insurance policy or will |
| Deductible | The amount an insured person must pay before the insurance company pays on a claim |
| Homeowners Insurance | coverage that provides protection for your residence and its associated financial risks |
| Death Benefit | The actual amount paid to a beneficiary under a life insurance policy |
| Renters Insurance | a type of insurance that covers the loss of a tenant's personal property as a result of damage or theft |
| Term Insurance | Life insurance coverage for a specified period of time, less expensive than whole |
| Cash Value | the amount of money a whole life policyholder would receive if the policy were surrendered before death or maturity |
| Floater | A policy designed to cover property that floats, or moves, from location to location. |
| Risk | The possibility of a financial loss |
| Claim | Formal request for payment, sent to the insurance company, to cover a loss |
