Chapter 9 lesson 5 & 6 Vocab

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Across
  1. 3. 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
  2. 5. the act of fraudulently gaining and using the personal information of someone else, usually for financial gain​​​​​​​
  3. 6. life expectancy chart used by insurance agents to figure out life insurance premiums for an individual based on a variety of factors
  4. 7. the period of time between when a doctor confirms a disability and when the policyholder receives a disability payment​​​​​​​
  5. 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​​​​​​​
  6. 10. plans to cover expenses and services not on typical policies
  7. 12. life insurance that lasts for the life of the policyholder and uses a portion of the premium as an investment​​​​​​​
Down
  1. 1. 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​​​​​​​
  2. 2. benefit paid to the beneficiaries after the policyholder dies​​​​​​​
  3. 4. people who are designated by the policyholder to receive the death benefit of a life insurance policy
  4. 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​​​​​​​
  5. 11. a person who relies on someone for financial support​​​​​​​