Insurance Terminology Flashcard

Flashcard
•
Financial Education
•
9th - 12th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

5 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a claim in insurance?
Back
A request for payment from the insurer
2.
FLASHCARD QUESTION
Front
Which term describes the individual or entity covered by an insurance policy?
Back
Policyholder
3.
FLASHCARD QUESTION
Front
What does a deductible refer to in insurance?
Back
The amount paid before insurance coverage begins
4.
FLASHCARD QUESTION
Front
If you are the beneficiary of an insurance policy, you are:
Back
The person who receives the benefits from the policy
5.
FLASHCARD QUESTION
Front
Why is understanding insurance terminology important?
Back
It allows for informed decisions about financial protection.
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