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Definition
| measure of the likelihood that something will be lost |
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| process of measuring risk and finding ways to minimize or manage loss |
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| individual who relies on someone else for financial support such as a child, a spouse,or elderly parent |
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Definition
| a person who owns a insurance policy |
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Term
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Definition
| the set amount you pay for for insurance |
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Definition
| the amount you must pay before insurance begins to pay |
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Definition
| pay for covered medical services after treatment is provided |
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| a percentage of the service cost patients pay |
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| a patients care that requires a stay in the hospital |
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| contact with specific doctors , hospitals and health care providers to deliver medical services and preventive care to members at reduced cost |
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Definition
| is a flat fee the patient must pay for medical services |
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Definition
| tax advantaged savings account available to people enrolled in qualified high deductible health plan |
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Definition
| refer to medical services that are not covered |
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Definition
| an illnessor an injury you had before signing up for health care insurance |
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Definition
| is a person or organization named by the policyholder to receive assets after the policyholders death |
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Definition
| provides protection only for a specific period of time |
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Definition
| basic lifetime protection so long as premius are paid |
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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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Definition
| an estimate of the current value of property |
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Definition
| is a decrease in the value of property as a result of age or wear and tear |
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Definition
| coverage that protects you when you are responsible for an auto accident that results in an injury or deasth of other parties |
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| property damage liability |
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Definition
| protects you when you are responisible for an auto accident in which the property of others is damaged |
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Definition
| eliminates the faultfinding process in settling claims |
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