Someone who receives money if an insured person dies.

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury.

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

The risks covered and amount of money paid for losses under an insurance policy.

The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed the to the loss.

Someone who relies on someone else for income and care.

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

Cash set aside that can be used to cover the costs of unexpected expenses.

Employers offer these to employees to add value in the form of products or services that add extra value for employees beyond earned wages.

Provides money to pay for health care for illness, injury, or, in some cases, preventative care.

Provides payment to cover liability losses as well as damage and loss of the home structure and its contents.

The donation of a product or service in place of cash.

Provides payment for extended nursing care due to accidents, illness, or old age.

When the act of insuring an event increases the likelihood that the event will happen.

A contract between the insurance company and the insured that states the exact terms of the policy including what risks are covered and how much will be paid for any losses.

The person who owns the insurance policy.

The amount of money paid to an insurance company to purchase a policy.

Provides payment to the insured person if his or her property is damaged or destroyed by an accident covered by the insurance policy.

If you rent your house, this is the type of insurance policy that provides payment to renters to cover the damage and loss of property in a rental unit in addition to liability losses.