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Insurance Terms
Insurance Terms
5
Mathematics
8th Grade
03/01/2013
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Term
Life Insurance
 Definition
helps cover funeral expenses and provide money for the family to live on
Term
Health Insurance
 Definition
helps cover the cost of medical expenses
Term
Beneficiary
 Definition
one who receives money from an insurance policy
Term
Actuary
 Definition
a mathematician that makes insurance calculations and predictions
Term
Term Life Insurance
 Definition
pays only if the insured dies within the limited time period
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