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insurance
| Question | Answer |
|---|---|
| beneficiary | a person who derives advantage from something, especially a trust, will, or life insurance policy |
| Broker | a person who buys and sells goods or assets for others |
| Claim | state or assert that something is the case, typically without providing evidence or proof |
| Collision Coverage | coverage that helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object, such as a fence or a tree. |
| Comprehensive Coverage | coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision. |
| Co-Payments | a payment made by a beneficiary (especially for health services) in addition to that made by an insurer |
| Death Benefit | the amount paid to a beneficiary upon the death of an insured person |
| Deductible | able to be deducted, especially from taxable income or tax to be paid |
| Dental Insurance | insurance coverage for individuals to protect them against dental costs. It insures against the expense of treatment and care of dental disease and accident to teeth |
| Disability Insurance | type of insurance that will provide income in the event a worker is unable to perform their work and earn money due to a disability |
| Effective date | the date upon which something is considered to take effect, which may be a past, present or future date |
| HMO | health maintenance organiation |
| HRA | an employer-funded plan that reimburses employees for medical expenses not covered by company-sponsored insurance. |
| Liability Coverage | general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims |
| Living Benefits | policyholder usually elects to receive living benefits during a terminal or catastrophic illness, especially one where health insurance does not cover all the bills |
| Medicare | United States federal government health insurance program for Americans who are 65 years of age and older |
| Power of Attorney | the authority to act for another person in specified or all legal or financial matters |
| Premiums | an amount to be paid for an insurance policy |
| Primary Physician | physician who provides both the first contact for a person with an undiagnosed health concern as well as continuing care of varied medical conditions |
| Term Life Insurance | life insurance that pays a benefit in the event of the death of the insured during a specified term |
| Vision Insurance | which vision care, such as eye examination, and vision aids, such as glasses or contacts, are at least partially covered |
| Whole life insurance | life insurance that pays a benefit on the death of the insured and also accumulates a cash value |
Created by:
slau20
Popular Insurance sets