Business Math ch 11 vocab

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Across
  1. 4. Amount of principal due at the maturity date of the bond
  2. 5. A group plan offering prepaid medical care to its members
  3. 8. Insurance that is kept in force for a person's entire life and pays a benefit upon the person's death, whenever that may be.
  4. 9. Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
  5. 10. allows you to pay premiums over a specified period but remain insured for life
  6. 13. the amount received after giving up a life insurance policy
  7. 14. permanent cash-value insurance that combines term insurance (death benefits) with a tax-sheltered savings/investment account that pays interest, usually at competitive money market rates
Down
  1. 1. Insurance that provides financial protection from losses resulting from a death during a definite period, or term.
  2. 2. a specific amount of money a patient pays for a particular service
  3. 3. insurance paid to named beneficiaries when the insured person dies
  4. 6. one who receives benefits
  5. 7. Insurance that covers medical illness or injury.
  6. 11. A prepaid health insurance plan in which providers agree to deliver services for discount fees; patients can go to any provider, but using nonparticipating providers results in higher costs to the patient
  7. 12. a specified amount of money that the insured must pay before an insurance company will pay a claim