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Definition
| 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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| an individual who relies on someone else for financial support |
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| when you set amount of money |
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| the amount you must pay before insurance begins to pay |
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Definition
| pay for covered medical services after treatment |
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| a percentage of the service cost that patients pay |
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| a person whose care requires a stay in a hospital |
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| contract with specific doctors,hospitals, and other health provides to deliver medical services provider |
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| a flat fee the patient must pay for medical services |
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| health savings account (HSA) |
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| a tax-advantaged savings account available |
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| refer to medical services that are not covered |
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| an illness or an injury you had before signing up for health care insurance |
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| a person or organization named by the policyholder to receive assets after the policyholder |
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Definition
| provides protection only for specific period of time |
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| provide basic lifetime protection so long as premiums are paid |
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| pays the face value of the policy to beneficial if the insure dies before the endowment period |
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| an estimate of the current value of property |
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| a decrease in the value of property as a result of age or wear and tear |
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| coverage that provides you when you are responsible for an accident that results in the injury or death of other parties |
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| property damage liability |
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Definition
| protects you when you are responsible 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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