Insurance

3. This financial arrangement protects us from financial loss.
5. Making financial preparations for possible future loss.
7. A bill submitted to the insurance company for payment due to a loss.
11. The amount you must pay before insurance begins to pay.
14. An individual who relies on someone else for financial support.
15. The process of measuring risk and finding ways to protect against financial loss.
16. A payment made to an insurance company for an insurance policy.

1. _____ security depends on Risk Management
2. The measure of how likely it is that something will be lost such as health, money, car, or home.
4. A person who buys an insurance policy
6. Protects dependents from loss of income and other expenses after the death of the insured person.
8. Offers protection by covering specific medical expenses created by illness, injury and disability.
9. This is minimizing risk by taking certain actions such as washing your hands to reduce the risk of disease.
10. This is avoiding risk. An example is to obey a stop sign.
12. Shifting the risk by transferring your risk to an insurance company.
13. Aperson or organization named by the policyholder to receive assets from the life insurance policy after the policyholder's death.