Risky Business - Insurance

Premium

• a policyholder's request for payment for a loss

• the amount the policyholder must pay for insurance coverage

• the possibility of incurring a loss

• the profit made from insurance

A policyholder is

• Another term for an insurance company

• The person or company buying the insurance policy

• The amount paid for insurance coverage

The out of pocket cost to the insured when a loss occurs is called...

• Premium

• Deductible

This professional analyzes statistics and uses them to calculate risks and premiums.

• Agent

• Actuary

• Claims Clerk

• Underwriter

Tags

CCSS.HSS.MD.B.6

CCSS.HSS.MD.B.7

Insurance that protects your family against financial loss due to your death is

• coinsurance
• disability insurance
• life insurance
• comprehensive insurance

The person named in a life insurance policy to receive the death benefit is called the

• policy holder
• beneficiary
• recipient
• insurance agent

If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.

• disability
• health
• premium
• hospitalization

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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

• emergency savings

• coverage

• claim

• employee benefits

Provides money to pay for health care for illness, injury, or, in some cases, preventative care

• automobile insurance
• disability insurance
• health insurance
• personal insurance

According to the Affordable Care Act, children can be on their parents' health insurance until what age?

• Until they get a full time job

• 22

• 26

• 28