Term
| 1. A financial agreement between a person and an insurance company to financially protect the person from unexpected events is called _________ . |
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Definition
| A financial agreement between a person and an insurance company to financially protect the person from unexpected events is called insurance. |
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Term
| 2. The type of insurance that financially protects the person against automobile accidents is called ____ insurance. |
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Definition
| The type of insurance that financially protects the person against automobile accidents is called autoinsurance. |
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Term
| 3. The type of auto insurance that pays for anything that you are liable for as a result of causing a car accident is called _________ insurance. |
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Definition
| Type of auto insurance that pays for anything that you are liable for as a result of causing a car accident is called liability insurance. |
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Term
| 4. The type of auto insurance that covers any expenses if you collide with something is called _________ insurance. |
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Definition
| Type of auto insurance that covers any expenses if you collide with something is called collision insurance. |
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Term
| 5. The type of auto insurance that covers any expenses that are not collision-related is called _____________ insurance. |
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Definition
| Type of auto insurance that covers any expenses that are not collision-related is called comprehensive insurance. |
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Term
| 6. The type of insurance that financially protects a homeowner from damage costs due to an unexpected event is called ____ insurance. |
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Definition
| The type of insurance that financially protects a homeowner from damage costs due to an unexpected event is called home insurance. |
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Term
| 7. The type of insurance that protects a renter from the loss of their possessions inside where they live is called ________ insurance. |
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Definition
| The type of insurance that protects a renter from the loss of their possessions inside where they live is called renter's insurance. |
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Term
| 8. The type of insurance that financially protects the person from injury and illness is called ______ insurance. |
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Definition
| The type of insurance that financially protects the person from injury and illness is called health insurance. |
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Term
| 9. The type of insurance the government provides to individuals who are eligible due to low income or disabilities is called ________ . |
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Definition
| The type of insurance the government provides to individuals who are eligible due to low income or disabilities is called Medicaid. |
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Term
| 10. The type of insurance that provides money when the insured person dies is called ____ insurance. |
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Definition
| The type of insurance that provides money when the insured person dies is called life insurance. |
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Term
| 11. The type of life insurance that provides protection for a specific period of time is called ____ life insurance. |
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Definition
| The type of life insurance that provides protection for a specific period of time is called term life insurance. |
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Term
| 12. The type of life insurance that provides protection for an entire lifetime is called _____ life insurance. |
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Definition
| The type of life insurance that provides protection for an entire lifetime is called whole life insurance. |
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Term
| 13. The person who receives the money from a life insurance policy when the insured person dies is called the ___________ . |
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Definition
| The person who receives the money from a life insurance policy when the insured person dies is called the beneficiary. |
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Term
| 14. The type of insurance that replaces a portion of the person’s income if they become unable to work due to illness or injury is called __________ insurance. |
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Definition
| The type of insurance that replaces a portion of the person’s income if they become unable to work due to illness or injury is called disability insurance. |
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