chapter 12 test

Replaces income if you cannot work due to illness or injury.

• Beneficiary

• Cash value

• Disability insurance

• Coinsurance

• Copayment

Sharing expenses with a health insurer.

• Cash value

• Disability insurance

• Beneficiary

• Coinsurance

• Copayment

The person paid by a life insurance company if the insured dies.

• Beneficiary

• Cash value

• Disability insurance

• Copayment

• Coinsurance

A debt you owe.

• Beneficiary

• Cash value

• Copayment

• Coinsurance

• Liability

Life insurance that is active for a specified period of time.

• Copayment

• Coinsurance

• Cash value

• Beneficiary

• Term life

The amount paid for a doctor’s visit with health insurance.

• Cash value

• Disability insurance

• Coinsurance

• Beneficiary

• Copayment

Increases the total amount of your liability coverage.

• Coinsurance

• Beneficiary

• Cash value

• Umbrella policy

• Copayment

Health insurance provided by an employer.

• Group health insurance

• Copayment

• Beneficiary

• Cash value

• Coinsurance

Life insurance that is permanent.

• Coinsurance

• Whole life

• Cash value

• Copayment

• Beneficiary

The investment portion of a whole life insurance policy.

• Disability insurance

• Copayment

• Coinsurance

• Beneficiary

• Cash value