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| is a measure of the likelihood that something will be lost. |
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| is the process of measuring risk and finding ways to minimize or manage loss. |
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| is a individual who relies on someone else for financial support,such as a child, a spouse, or an elderly parent. |
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| when you buy an insurance policy |
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| to the insurance company on regular basis. |
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| is the amount you must pay before insurance begins to pay. |
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| pay for covered medical services after treatment is provided. |
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| a % of service cost that patients pay. |
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| a person whose care requires a stay in a hospital. |
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| cantract with specific doctors, hospital, and other health care providers to deliver medical services and preventive care members at reduced cost. |
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| is a flat fee patient must pay for medical services. |
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| Is a tax-advantaged savings account available to people enrolled in qualified high deductible health plans. |
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| refer to medical services that are not covered |
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| is an illness or an injury you had before signing up for health care insurance. |
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| is a person or organization named by the policyholder to receive assets after the policy holder's death. |
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| provides protection only for a specific period of time. |
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| provides basic lifetime protection so long as premiums are paid. |
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Term
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Definition
| pays the face value of the policy to beneficiaries if the insured dies before the endowment period ends. |
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Term
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| an estimate of the current value of property. |
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| is a decreasein the value of the property as a result of age or wear and tear. |
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| is coverage thats protects you when you are responible for auto accident that results in the injury or death of other parties. |
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| Property damaged liability |
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Definition
| is coverage thats protects you when you are responible for auto accident in which the property of others is damaged. |
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Term
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Definition
| Eliminates the faultfinding process in settling claims. |
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