Types of Insurance

Front

At least six months of expenses set aside to cover costs of unexpected expenses is called

Back

emergency savings

Front

A financial product purchased by many people facing a similar risk to protect against the risk of larger losses is called:

Back

insurance

Front

The risks covered and amount of money paid for losses under an insurance policy is called:

Back

coverage

Front

The person who owns the insurance policy is the: beneficiary, policy holder, insurance, claim

Back

policy holder

Front

The money paid to purchase an insurance policy is called:

Back

premium

Front

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury is called:

Back

claim

Front

This type of insurance provides money to pay for health care

Back

health

Front

This type of insurance provides payment to replace earnings during times when workers cannot work due to illness or injury.

Back

disability

Front

This type of insurance provides payment for extended nursing care when a person cannot live independently (but doesn't need to be hospitalized).

Back

long term care

Front

This type of insurance provides payment for liability and property insurance on a vehicle.

Back

automobile