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Definition
| is a measure of the likelihood that something will be lost |
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Term
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Definition
| is the process of measuring risk and finding ways to minimize or manage loss |
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| is an individual who relies on someone else for financial support such as a child a spouse or an elderly parent |
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Term
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Definition
| you pay a set amount of money called a premium |
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Term
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Definition
| to the insurance company on a regular basis |
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Term
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Definition
| is the amount you must pay before insurance begins to pay |
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Term
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Definition
| pay for covered medical services after treatment is provided |
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Term
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Definition
| is a percentage of the service cost that patients pay |
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Definition
| is a person whose care requires a stay in a hospital |
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Term
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Definition
| contract with specific doctors,hospitals, and other health care providers to deliver medical services and preventive care to members at reduced cost |
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Definition
| is a flat fee the patient must pay for medical services |
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Term
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Definition
| is a tax advantaged savings account available to people |
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Term
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Definition
| refer to medical services that are not covered |
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Term
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Definition
| is an illness or an injury you had before sighning up for health care insurance |
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Term
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Definition
| is a person or organization named by the policyholder to receive assets after the policyholders death |
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Term
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Definition
| provides protection only for a specific period of time |
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Term
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Definition
| provides basic lifetime protection so long as premiums are paid |
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Term
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Definition
| pays the face value of the policy to beneficiaries if the insured if he or she lives beyond the endowment period |
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Term
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Definition
| is an estimate of the current value of property |
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Term
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Definition
| is a decrease in the value of property as a result of age or wear and tear |
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Term
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Definition
| is a coverage that protects you when you are responsible for an auto accident that results in the injury or death of other parties |
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| property damage liability |
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Definition
| protects you when you are responsible for anauto accident in which the property of others is damaged |
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Term
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Definition
| eliminates the faultfinding process in settling claims |
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