Personal Fincance
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Actuarial Table | rates are determined for insurance companies and risks
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| Actuary | a person who computes premium rates, dividends, risks, etc. according to probabilities based on statistical records
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| Beneficiary | a person or group that receives benefits, profits or advantages
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| Benefits | a payment or gift made to help someone
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| Cash Value | the value of a life-insurance policy payable to the insured in cash
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| Claim | a request or demand for payment
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| Coverage | protection provided against risks or a risk, often issued by an insurance company
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| Deductible | the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment
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| Exclusions | an item or risk not covered by an insurance policy or other contract
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| Face Amount | the sum paid on the policy's maturity date
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| Grace period | a period of time after a payment becomes due, as of a loan or insurance before subject to penalties or late charges or cancelled
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| Hazard | an unavoidable danger or risk
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| Insurance agent | someone who helps set up you insurance policy
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| Insured | the person, group or organization whose life or property is covered by an insurance policy
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| Insurer | a person or company that contracts to indemnify another in the event of loss or damage; someone that insures
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| Loss | an amount or number lost; financial loss
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| Peril | something that causes or may cause injury, loss or destruction
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| Probability | the possibility that an event will occur
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| Proof of loss | a formal statement made by the insured to the insurer regarding a claim
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| standard policy | an insurance policy prescribed by statute or otherwise adopted generally by all insurers
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| unearned premium | the premium corresponding to the time period remaining on an insurance policy
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Graceg18
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