Life inurance

A person named to receive the benefits from an insurance policy is known as the _____ .

• -beneficiary

• -insured

• -insurer

• -benefactor

Protection against risks such as unexpected property loss, illness, injury.

• -deductible

• -liability

• -insurance

• -premium

This insurance pays a benefit only if you die during the time period it covers.

• -burial life insurance

• -whole life insurance

• -term life insurance

• -coinsurance

This life insurance provides a death benefit and a savings component (cash value).

• -managed care

• -variable life insurance

• -universal life insurance

• -whole life insurance

Money that the policyholder must pay per loss before the insurance company will pay anything.

• -deductible

• -policy

• -premium

• -managed care

A contract in which an insurance co. takes on specific risks for the policyholder for a fee.

• -peril

• -premium

• -policy

• -coinsurance

You should consider purchasing life insurance when ...

• -you reach age 18.

• -you have dependents.

• -you want to pay your bills before you die.