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Insurance

Total questions: 17

Worksheet time: 13mins

Name
Class
Date
1.

an arrangement in which an individual will receive financial protection or reimbursement of losses from an insurer.

a)

Copays

b)

Insurance

c)

Clain

d)

Coverage

2.

the contract between an insurance company and the insured individual,

a)

Out-of-pocket maximum

b)

Premium

c)

Policy

d)

Deductible

3.

the amount of liability protection offered to an individual through an insurance policy

a)

Grace Period

b)

Insurance

c)

Claim

d)

Coverage

4.

the amount of money paid for an insurance policy

a)

Premium

b)

Claim

c)

Copay

d)

Deductible

5.

the amount of time after the premium is due in which a policyholder can make a premium payment without suffering a lapse (break) in coverage

a)

Coverage

b)

Grace Period

c)

Insurance

d)

Policy

6.

the amount of money you will pay out of pocket before the insurance company will make a payment

a)

Copay

b)

Premium

c)

Coverage

d)

Deductible

7.

a formal request by a policyholder to their insurance company for compensation for a covered loss

a)

Out-of-pocket maximum

b)

Claim

c)

Policy

d)

Grace period

8.

the payments an individual makes each time they get medical service

a)

Copay

b)

Coverage

c)

Deductible

d)

Out-of-pocket maximum

9.

the most a policyholder has to spend for covered services in a year

a)

Premium

b)

Grace Period

c)

Out-of-pocket maximum

d)

Deductible

10.

contract between you and an insurance company. You pay a premium in exchange for protection if something happens (accident, theft, damage).

(a)  

11.

It covers the structure of the home, other structures (garage/shed), your personal belongings inside, liability, and sometimes additional living expenses

(a)  

12.

personal liability insurance that goes above and beyond your standard policies (auto, homeowners/renter, etc.). It kicks in when the liability limits of those underlying policies are reached — or in some cases for claims that aren’t covered by those policies.

(a)  

13.

contract where you pay a monthly premium in exchange for the insurer helping pay for medical services

(a)  

14.

insurance policy that provides coverage for a specific period of time

(a)  

15.

policy that helps protect your income if you become unable to work for an extended period due to illness or injury

(a)  

16.

policy that helps reimburse you for certain costs and losses associated with recovering when someone uses your personal information without authorization to commit fraud or other crimes.

(a)  

17.

insurance policy designed to cover the costs of care if you become unable to perform certain daily living activities or if you have severe cognitive impairment

(a)