| A | B |
|---|
| executor | the person responsible for carrying out the actions of a will |
| beneficiary | person who will benefit financially from an insurance policy payout |
| premium | monthly sum of money paid for an insurance policy whether the policy is used or not |
| deductible | the amount of money an individual must pay when using an insurance policy before the company will pay its portion |
| insurance | financial protection from life events that could be devastating financially for a person without coverage |
| will | legal document that determines what happens with a person’s assets when they die |
| estate | all of the financial assets and debts that a person has at the end of their life |
| claim | filed after an event that requires an insurance policy to go into effect |
