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| Question | Answer |
|---|---|
| lifetime limit | number of times something can be used or done over a person's life |
| disability insurance | provides money if you are injured or cant work |
| Insurance Principles | Define terms of a basic insurance policy, such as contract, limits of coverage, premium, deductible, grace period, and lifetime limit. |
| life insurance | pay a specific amount when someone dies to someone in your will |
| Property Insurance | homeowner-covers damage to your home, property, personal belongings, and other assets in your home. |
| Auto Insurance | A contract between you and the insurance company that protects you against financial loss in the event of an accident or theft |
| Liability | Protects you financially if you're responsible for someone else's injuries or property damage. |
| Collision | Coverage that helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object. |
| Comprehensive | Coverage that protects against damage to your vehicle caused by non-collision events that are outside of your control. This includes theft, vandalism, glass and windshield damage, fire, accidents with animals, weather, or other acts of nature. |
| health insurances | Pays most medical and surgical expenses and preventative care costs incurred by the insured person in return for a monthly premium payment. |
| salary | money paid regular times for work or service |
| wages | set payment to a worker |
| dividends | sum of money paid regulary by a company |
| benfits | extra perks to encourage someone to join your orginization |
| fixed expence | expences stay the same everytime you pay them |
| varible expence | expences are different each month |
| periodic expences | expences at inrregular times |