Life insurance for which premiums are paid over a limited time that covers a specific term, the face value payable only if death occurs within that term

The potential loss of value

The amount paid by the policyholder for coverage under the contract, usually in periodic installments

A form of automobile insurance designed to enable the policyholder in case of an accident to collect a certain compensation without determination of liability.

A form of health insurance that when activated provides elderly (or emergency) care for the individual.

Federal Insurance Contribution Act. This tax funds Social Security and Medicare. This is a standard 6.2% tax per individual per paycheck

The value printed on the money, dollar, stamp, coin, or life insurance policy

The spending money left over at the end of each pay period/month after all the mandatory responsibilities have been deducted

Insurance providing income to a policyholder who is disabled and cannot work

The amount for which the insured is liable on each loss/injury before the insurance company will make a payment

Form of insurance that protects the individual’s automobile from damages not caused by an accident. This could include falling rocks, chipped windshields, parking lot dents, theft, etc

Insurance protecting an automobile owner against loss or damage to the automobile resulting from a collision or other accident

A formal request to an insurance company asking for a payment based on the terms of the policy

Having the ability and the means to purchase an item

A person designated as the recipient of funds or property under a will, trust, insurance policy, etc.