Shared Flashcard Set

Details

PF Review Cards
none
14
Finance
11th Grade
10/23/2013

Additional Finance Flashcards

 


 

Cards

Term
Basic medical benefits
Definition
Will's insurance policy will pay his expenses for hospitalization, surgeries, and doctors' care. Which type of health insurance coverage is this?
Term
Renewable
Definition
Jim has term life insurance that is soon to expire; however, the policy allows him to continue the policy without getting a physical exam. Which type of insurance is this?
Term
Disability
Definition
Barry has been out of work for months because he has crippling arthritis. He receives monthly income from his insurance policy. Which type of insurance is this?
Term
Convertible
Definition
Mark has term life insurance that is about to expire; his policy allows him to modify the policy to make it permanent without taking a physical exam. Which type of insurance is this?
Term
Permanent
Definition
Juan is willing to pay the premiums to have life insurance during his entire lifetime. Which type of insurance is this?
Term
Limited-payment life
Definition
Trish plans to pay life insurance premiums for only a few years but have coverage for her full life. Which type of insurance is this?
Term
Universal life
Definition
Tim has life insurance that allows him to change the amount he pays and the amount of the death benefit. Which type of insurance is this?
Term
Long-term care
Definition
Nate has insurance that covered part of the costs of his stay in a rehabilitation center. Which type of insurance is this?
Term
Whole-life
Definition
Leon bought life insurance that allows him to borrow against it when he needs money for emergency expenses that. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01)
Term
Major medical
Definition
Pat has insurance that covers most of the costs of his cancer treatments over a period of several months. Which type of insurance is this? (NCCTE.9_12.SH.BF05.PF7.01)
Term
Deductible
Definition
When Ben selects health insurance for his employees, he wants the policy to include a feature that the policyholder and insurer will each pay a portion of the cost of the medical bills. Which insurance policy feature is this?
Term
A. Fee-for-service plan
Definition
Janet can choose her doctors, pay for the services during her visit and then file insurance for reimbursement. Which insurance plan is this? (NCCTE.9_12.SH.BF05.PF7.01)
Term
Pre-existing condition
Definition
Since Janet was being treated for diabetes when she purchased health insurance, her health plan will not pay for her diabetes treatments. Which insurance policy feature is
Term
Cash value
Definition
Max received an annual statement that says the whole life policy he owned for ten years is now worth $1000. Which insurance policy feature is this
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