What is another word for coinsurance?

Which is the correct formula for calculating the interest earned from a bond?

The person named in a life insurance policy to receive the death benefits is called the______.

Bond interest is typically paid_______.

The type of life insurance policy that offers protection only for a fixed period of time is called____________.

The type of coverage typically included in group health policies is

__________ pays a portion of the income lost if an employee cannot work due to a health condition or an injury.

You can protect your family from financial hardship in the event of your death with ____________________.

____________________ protects you from financial loss due to medical bills.

If the market value is more than par value, a bond is said to be selling at a premium. 

A bond is a written promise to repay money loaned on an unspecified due date.

A bond is a written promise to repay money loaned on a specified due date.

If the market value is less than par value, a bond is said to be selling at a discount. 

Anderson Township school $500 bonds are quoted at 98.367.  What is the market price of one of the bonds?

Note: Market Price = Par value X (Quoted percent/100)

Employees at Lancaster Manufacturing are responsible for paying 38% of their annual health insurance premium. If the total monthly premium for an individual policy is $92.50, how much does the company pay annually for each individual policy?

Notes: Annual Premium = monthly premium x 12

Employee responsibility = Annual premium x employee responsibility rate in decimal

Employer (company) responsibility = Annual Premium − Employee responsibility

Mark Johnson bought a $150,000 term life insurance policy.  He paid an annual premium of $2.50 per $1,000 of insurance.  What annual premium did he pay?

Note: Life insurance premium = (Face amount of policy $$\div$$ $1,000) X cost per $1000

Sarah was recently hospitalized for a serious illness. The total bill for her medical care was $12,780. Sarah’s medical insurance only covered $11,960 of the bill. The insurance company also subtracted a $500 deductible, and her policy requires her to pay 20% in coinsurance. How much did the insurance company paid for the hospital bill.

Notes:

Percentage pay by insurance = 100 $$-$$ coinsurance percentage

Amount pay by insurance= (Covered amount $$-$$ deductible amount) X ( Percentage pay by insurance $$\div$$ 100)

Judy was recently hospitalized for a serious illness. The total bill for her medical care was $12,780. Judy’s medical insurance only covered $11,960 of the bill. The insurance company also subtracted a $500 deductible, and her policy requires her to pay 20% in coinsurance. How much of the hospital bill must Judy pay?

Notes: Uncovered Amount = Total Bill - Covered Amount

Coinsurance Amount = (Covered amount - Deductible) X coinsurance rate

Amount Insured Must Pay = Uncovered Amount + Deductible + Coinsurance Amount

Marta owns 20 Memphis Water 9.5%, $1,000 bonds. Find her annual income from the bonds?

Note: Interest (annul income) = Par value X Rate X Time X number of bonds

Tim Martin buys 10, $1,000 bonds quoted at 89.473. He pays $3.50 commission on each bond and $13.49 accrued interest on each bond. Find his total investment in the bonds.

Notes:

Market Price = Par value X (Quoted percent/100)

Total investment = Number of bonds X ( Market value + commission for one bons + Accrued Interest for one bond)