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Definition
| a measure of the likeihood that somethig will be lost |
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Definition
| the process of measuring risk and finding ways to minimize or manage loss |
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Definition
| an individual who relies on someone else for financial support |
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Definition
| when a person buys a insurance policy |
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Definition
| the set amount of money you pay |
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Definition
| the amount you mustpay before insurance begins to pay |
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Term
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Definition
| pay for covered medical services after treatment is provivded |
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Definition
| the percentage of the service cost that patients pay |
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Definition
| a person whose care requires a stay in a hospital |
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Definition
| contract with specific doctors,hospitals, and other heath care providers |
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Definition
| a flat fee the patient must pay for medical services |
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Definition
| a tax-advantaged saving account available to people enroled in qualified high deductable heath plan |
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Definition
| refers to medical services that are not covered |
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Term
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Definition
| an illness or an injury you had beofre signing up for heath care insurance |
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Definition
| a person or organization named by the policy holder to recieve assets after the policy holders death |
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Term
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Definition
| provides protection only for a specific period of time |
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Term
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Definition
| provides basic lifetime protection so long a preminiums are paid |
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Term
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Definition
| pays the face value of the policy of the beneficiaries if the indured dies before the endowment period ends |
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Term
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Definition
| a estimate of the current value of property |
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Term
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Definition
| a decrease in the value of property as a result of ageor wear and tear |
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Term
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Definition
| a coverage that protects you when you are responsible for an auto accident that results the injury or death |
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Term
| property damage liablilty |
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Definition
| protects you when you are responsible for auto accidents in whic the property of others is damaged |
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Term
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Definition
| elimiates the faultfinding process in settling clamis |
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