Shared Flashcard Set

Details

PF Review Cards
Chapter 7 Vocabulary
14
Business
11th Grade
10/21/2013

Additional Business Flashcards

 


 

Cards

Term
Will's insurance policy will pay his expenses for hospitalization, surgeries, and doctors' care. Which type of health insurance coverage is this?
Definition
Basic medical benefits
Term
Jim has term life insurance that is soon to expire; however, the policy allows him to continue the policy without getting a physical exam. Which type of insurance is this?
Definition
Renewable
Term
Barry has been out of work for months because he has crippling arthritis. He receives monthly income from his insurance policy. Which type of insurance is this?
Definition
Disability
Term
Mark has term life insurance that is about to expire; his policy allows him to modify the policy to make it permanent without taking a physical exam. Which type of insurance is this?
Definition
Convertible
Term
Juan is willing to pay the premiums to have life insurance during his entire lifetime. Which type of insurance is this?
Definition
Permanent
Term
Trish plans to pay life insurance premiums for only a few years but have coverage for her full life. Which type of insurance is this?
Definition
Limited-payment life
Term
Tim has life insurance that allows him to change the amount he pays and the amount of the death benefit. Which type of insurance is this?
Definition
Universal life
Term
Nate has insurance that covered part of the costs of his stay in a rehabilitation center. Which type of insurance is this?
Definition
Long-term care
Term
Leon bought life insurance that allows him to borrow against it when he needs money for emergency expenses that. Which type of insurance is this?
Definition
Whole-life
Term
Pat has insurance that covers most of the costs of his cancer treatments over a period of several months. Which type of insurance is this?
Definition
Major medical
Term
When Ben selects health insurance for his employees, he wants the policy to include a feature that the policyholder and insurer will each pay a portion of the cost of the medical bills. Which insurance policy feature is this?
Definition
Deductible
Term
Janet can choose her doctors, pay for the services during her visit and then file insurance for reimbursement. Which insurance plan is this?
Definition
Fee-for-service plan
Term
Since Janet was being treated for diabetes when she purchased health insurance, her health plan will not pay for her diabetes treatments. Which insurance policy feature is this?
Definition
Pre-existing condition
Term
Max received an annual statement that says the whole life policy he owned for ten years is now worth $1000. Which insurance policy feature is this?
Definition
Cash value
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