Insurance Terms and Concepts

My sister is my ______________________. She would get my life insurance money if I die.

• beneficiary

• claim

• premium

• mortgage

I hate when I have to file a _____________________ with my insurance policy. I know that it will make my premium go up during my next policy term.

• premium

• claim

• policy term

• deductible

I pay the ________________ for our homeowner's insurance annually.

• policy term

• deductible

• premium

• quote

My insurance company paid for the damage to my car after I hit a deer except for my part, the ___________________.

• mortgage

• deductible

• policy term

• claim

When I purchased a new car, I called State Farm, Progressive, and Liberty Mutual to get ___________________.

• claims

• quotes

• premiums

• beneficiary

Every time I go to the dentist, I know that I will be charged $35. That is my ______________________.

• quote

• deductible

• premium

• co-pay

estimated cost of an insurance policy based on the information that you provide to the insurer and coverage selected

• beneficiary

• claim

• quote

• co-pay

a person who is designated as the recipient of payment of something like a life insurance benefit

• claim

• quote

• premium

• beneficiary

a formal request for an insurance company to pay for damage or loss after a covered incident

• claim

• deductible

• mortgage

• policy term

a fixed out-of-pocket amount paid by an insured person for covered services as specified by the medical insurance

• deductible

• policy term

• quote

• co-pay