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Definition
| measure of likelihood that something will be lost |
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Term
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Definition
| the process of measuring risk and finding ways to minimize or manage loss |
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Definition
| individual who relies on someone else for financial support |
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Definition
| when you buy an insurance policy |
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Term
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Definition
| a set of money you pay to the insurance company. |
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Term
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Definition
| the amount you must pay before insurance pays you |
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Term
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Definition
| pay for covered for medical services after treatment is provided |
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Definition
| a percentage of the service cost that a patient pays |
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Definition
| a person whose care requires to stay in a hospital |
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Definition
| contract w / specific doctors , hospitals , etc. |
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Term
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Definition
| a flat flee that patient must pay for medical services |
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Term
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Definition
| a tax advantaged savings account avaliable |
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Term
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Definition
| medical services not payed for or covered |
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Term
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Definition
| an illness or an injury you had before signing up for health care |
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Term
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Definition
| person or organization named by policyholder to receive assets after the policyholders death |
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Term
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Definition
| provides protection for a specfic time |
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Term
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Definition
| provides basic lifetime protection |
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Definition
| pays the face value of the policy to beneficiary |
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Term
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Definition
| an estimate of the current value of property |
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Term
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Definition
| an decrease in the value of property as a result of age of wear and tear |
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Term
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Definition
| covergae that protects you when you are responsible for an auto accident. |
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Term
| property damage liability |
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Definition
| protects you if your responsible |
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Term
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Definition
| eliminates the faultfinding process in settling claims |
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