Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

6.05 Vocabulary

Automobile insurance Provides payments for both liability and property insurance on a vehicle
Beneficiary Someone who receives money if an insured person dies
Claim A formal request to an insurance company asking for a payment when the policyholder has an accident, illness, or injury
Co-insurance Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
Coverage The risks covered and the amount of money paid for losses under an insurance policy
Deductible The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss
Dependent Someone who relies on someone else for income and care
Disability insurance Provides payment to replace earnings during times when workers cannot work due to illness or injury
Emergency savings Cash set aside that can be used to cover the costs of unexpected expenses
Employee benefits Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages
Health insurance Provides money to pay for health care for illness, injury, or, in some cases, preventive care
Homeowners insurance Provides payment to cover liability losses as well as damage and loss of the home structure and its contents
Household production Doing something in the home without pay that takes raw materials along with a family member's skill, experience, knowledge, and household equipment, to produce a useful product or service
In-kind income The donation of a product or service in place of cash
Insurance A financial product (called an insurance contract or policy) purchased by many people facing a similar risk to protect against the risk of larger losses
Liability insurance Provides payment to others if a member of the insured household accidentally causes harm to other people or property
Life insurance Provides payment to beneficiaries who were named by the insured person
Long-term care insurance Provides payment for extended nursing care due to accidents, illness, or old age
Moral hazard When the act of insuring an event increases the likelihood that the event will happen
Policy A contract between the insurance company and the insured person that states he exact terms of policy including what risks are covered and how much will be paid for any losses
Policyholder A person who owns the insurance policy
Premium The money paid to an insurance company to purchase a policy
Property insurance Provides payment to the insured person if his or her property is damaged or destroyed by an accident covered by the insurance policy
Renters insurance Provides payment to renters to cover the damage and loss of property in a rental unit in addition to liability losses
Risk The chance of loss from an event that cannot be entirely controlled
Created by: brooke.burgess
Popular Standardized Tests sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards