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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 | an optional auto insurance that pays to repair or replace your vehicle after it collides with another vehicle or object, regardless of who is at fault. |
| Comprehensive Coverage | an optional auto insurance that protects your vehicle from damage caused by non-collision events such as theft, vandalism, natural disasters, or animal collisions. |
| Co-Payments | a fixed dollar amount you pay for a covered health care service under your health insurance plan, usually at the time you receive the service |
| Death Benefit | the amount of money paid to a beneficiary or beneficiaries after the death of the insured person, typically under a life insurance policy, pension plan, or other financial arrangement |
| Deductible | able to be deducted, especially from taxable income or tax to be paid. |
| Dental Insurance | a type of health coverage that helps pay for preventive, basic, and major dental services, making oral care more affordable. |
| Disability Insurance | a type of coverage that replaces a portion of your income if an illness or injury prevents you from working. |
| Effective date | the specific date when an insurance policy officially begins and coverage becomes active. |
| HMO | Health Maintenance Organization |
| HRA | Health Reimbursement Arrangement |
| Liability Coverage | a type of insurance that protects you financially if you are legally responsible for causing injury or property damage to someone else. |
| Living Benefits | |
| Medicare | |
| Power of Attorney | |
| Premiums | |
| Primary Physician | |
| Term Life Insurance | |
| Vision Insurance | |
| Whole Life Insurance |
Created by:
Aconti28
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