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Unit 6 Lesson 1

Vocabulary Review

DefinitionTerm
A type of insurance that financially protects a person against automobile accidents. Auto Insurance
A type of insurance that financially protects a homeowner from damage costs due to unexpected events Home Insurance
A type of insurance that financially protects a renter's possessions. Renter's Insurance
A contract between a person and a company to financially protect the person from unexpected events Insurance
The type of auto insurance that pays for anything that you are liable for as a result of causing a car accident Liability Insurance
The type of auto insurance that covers any expenses if you collide with something. Collision Insurance
The type of auto insurance that covers any expenses that are not collision-related. Comprehensive Insurance
The type of insurance that financially protects the person from injury and illness. Health Insurance
The type of insurance the government provides to individuals who are eligible due to low income or disabilities. Medicaid
The type of insurance that provides money when the insured person dies. Life Insurance
The type of life insurance that provides protection for a specific period of time. Term Life Insurance
The type of life insurance that provides protection for an entire lifetime. Whole Life Insurance
The person who receives the money from a life insurance policy when the insured person dies. Beneficiary
The type of insurance that replaces a portion of the person’s income if they become unable to work due to illness or injury. Disability Insurance
Created by: natalie.walters