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Unit 6, Lesson 2

Review of vocabulary for insurance

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