PCS Personal Fin Word Scramble
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Term | Definition |
beneficiary | the recipient of assets passed on from the death of a friend or relative |
claim | paperwork filed with an insurance company in order to get them to cover a loss for someone they insure |
coverage | applies to the amount of protection you have through an insurance company in the event of a loss |
deductible | amount you must pay before you begin receiving any benefits from your insurance company |
liability | the state or quality of being obligated according to law or equity |
out-of-pocket expense | specific amount of money that you pay when insurance only covers a portion of costs |
policy | describes the type of coverage in an insurance agreement |
premium | amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance |
will | a legally enforceable declaration of how a person wishes his or her property to be distributed after death |
Created by:
Ms.Sala
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