F5 3 Insurance

Someone who receives money if an insured person dies

• claim
• beneficiary
• dependent
• employee benefits

Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid

• employee benefits
• co-insurance
• deductible
• coverage

Someone who relies on someone else for income and care

• beneficiary
• claim
• deductible
• dependent

Provides payment to replace earnings during times when workers cannot work due to illness or injury

• disability insurance
• dependent
• emergency savings
• beneficiary

The amount paid for insurance is the

• closing cost
• premium
• deductible
• assessed value

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

• coinsurance
• disability insurance
• life insurance
• comprehensive insurance

The type of insurance that provides protection against financial loss from medical bills is called

• health insurance
• coinsurance
• life insurance
• premium

This term pays for protection against loss of life, property, and finances.

• collision
• premium
• insurance
• deductible

Q3. What do you understand by NCB?

• Non-cash bonus

• No claim benefit

• No claim bureau

• No claim bonus

The deductible is...

• The amount the member has to meet before cost-sharing

• The amount BCBSNC has to pay before cost-sharing

• A cost-share between the member and BCBSNC

• The amount of coverage they will get from BCBSNC