Ch 9 Insurance

Across

4. protection for destroyed or stolen personal property for a renter Self-Insured, having enough money saved and invested so a spouse or loved one could live off of it when you die, eliminating the need for life insurance
8. a type of insurance that covers some or all of the costs of nursing home care, assisted living, in-home care, and other end-of-life care
12. the most a policyholder has to spend for covered services in a year
13. life expectancy chart used by insurance agents to figure out life insurance premiums for an individual based on a variety of factors
15. the amount of time after the premium is due in which a policyholder can make a premium payment without suffering a lapse (break) in coverage
22. the payments an individual makes each time they get medical service
23. people who are designated by the policyholder to receive the death benefit of a life insurance policy
25. the amount of money paid for an insurance policy
26. an arrangement in which an individual will receive financial protection or reimbursement of losses from an insurer
27. the amount of money you will pay out of pocket before the insurance company will make a payment
28. life insurance that lasts for the life of the policyholder and uses a portion of the premium as an investment
30. a tax-exempt savings account dedicated to health care costs; only available for individuals on a highdeductible health plan (HDHP)
31. benefit paid to the beneficiaries after the policyholder
32. the maximum amount of lifetime benefits a person can receive from their insurance company
33. the health care reform law enacted in 2010, intended to make affordable health insurance more available
34. a health plan with a high minimum deductible for medical expenses
35. a person who relies on someone for financial support

Down

1. the period of time between when a doctor confirms a disability and when the policyholder receives a disability Payment
2. protection for losses to a private residence and the possessions within it, as well as liability coverage against accidents in the home or on the property
3. plans to cover expenses and services not on typical policies
5. the practice of employers paying for a portion of their employees‘ insurance premiums
6. optional extended liability coverage that can be added to auto and homeowner’s policies
7. the amount of liability protection offered to an individual through an insurance policy
9. life insurance for a specified amount of time; at the death of the policyholder, the insurance company pays the death benefit to the beneficiaries dies
10. a platform where individuals, families, and small businesses can compare health insurance plans
11. protection for loss or damage to your vehicle caused by something other than a collision (such as vandalism)
14. protection for damage to your car resulting from a collision with another car or object
16. coverage for an individual’s (or family‘s) medical expenses from illness or injury
17. a component of auto insurance that pays for medical expenses, lost wages, and other financial losses of the driver and passengers of the policyholder’s vehicle
18. a type of insurance that will replace a portion of the policyholder’s income in the event that the policyholder becomes disabled and is unable to work
19. protection for you and passengers if an uninsured or underinsured motorist hits you, or if you are the victim of a hit-and-run
20. protection against claims resulting from personal injury or property damage as the result of an auto accident
21. the contract between an insurance company and the insured individual
24. the act of fraudulently gaining and using the personal information of someone else, usually for financial gain
29. a formal request by a policyholder to their insurance company for compensation for a covered loss