Insurance

Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure

• Premium

• Claim

• Deductible

• Coverage

Amount you pay monthly, quarterly, semiannually, or annually to purchase different types of insurance

• Premium

• Policy

• Coverage

• Out-of-Pocket Expense

Amount you must pay before you begin receiving any benefits from your insurance company

• Premium

• Liability

• Deductible

• Coverage

The state or quality of being obligated according to law or equity

• Coverage

• Liability

• Premium

• Policy

Raising your deductible may be a good option when it comes to lowering your premium, but it is important to do a break-even analysis before making the decision

• True

• False

Financially, it makes sense to stay on your parents' auto insurance policy through college

• True

• False

Which of the following would not be considered a huge financial risk?

• Car Accident

• Lost Cell Phone

• Medical Emergency

• Stolen Identity

A life insurance policy that covers a specific period of time

• Whole Life

• Term

• Universal

• Level

What is an unnecessary type of insurance?

• Life Insurance

• Car Insurance

• Cancer

• Homeowner's and Renter's

a tax-sheltered savings account for medical expenses that works with a high-deductible insurance policy

• HSA

• Homeowner's

• Long-Term Care

• Dental/Eye