Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
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
Normal Size Small Size show me how
Insurance
| Term | Definition |
|---|---|
| Beneficiary | a person who derives advantage from something |
| 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 its damaged in an accident with another vehicle or object |
| Comprehensive Coverage | helps pay to replace or repair your vehicle if its stolen or damaged in an incident that is not a collision |
| Co-Payments | a contribution made by an insured person toward the cost of medical treatment or other services |
| 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 | helps cover the cost of dental care including preventive, basic, and major procedures like cleanings, fillings, ad crowns |
| Disability Insurance | provides income to replace a portion of your earnings if you are unable to work due to an illness or injury |
| Effective date | the date in which legal rights or obligations become binding between two or more parties |
| HMO | short for health maintenance organization |
| HRA | health reimbursement arrangement (an employer funded account that reimburses employees for qualified medical expresses or health insurance premiums |
| Liability Coverage | designed to cover you if you are held responsible for causing injury or property damage |
| Living Benefits | features and protections that can help you while you're still alive |
| Medicare | a federal system of health insurance for people over 65 years of age and for certain younger people with disabilities |
| Power of Attorney | the authority to act for another person in specified or all legal or financial matters |
| Premium | an amount to be paid for an insurance policy |
| Primary Physician | a general medical professional who provides comprehensive care, acting as the first point of contact for health concerns and managing a wide range of conditions |
| Term Life Insurance | life insurance that pays a benefit in the event of the death of the death of the insured during a specified term |
| Vision Insurance | helps cover the cost of routine eyecare and eyewear, such as annual eye exams, glasses, and contact lenses |
| Whole Life Insurance | life insurance that pays a benefit on the death of the insured and also accumulates a cash value |
Created by:
Gjimenez27
Popular Finance sets