Insurance

4. A person or entity designated to receive the benefits from an insurance policy, particularly life or health insurance.
6. A request made by the policyholder to the insurance company for payment or benefits due to a covered loss or event.
8. The individual or entity who owns an insurance policy and is entitled to the benefits provided by the insurance coverage.
9. A professional who analyzes financial risks and uses statistical methods to assess insurance risks and determine premiums, reserves, and other financial measures.
10. A fixed amount the policyholder must pay for a covered service, such as a doctor’s visit or prescription, with the insurance company covering the rest.
12. The possibility of a loss or the likelihood that a claim will be made under an insurance policy. Insurance companies assess risk to determine premiums and coverage.
13. The amount an insured person must pay out of pocket before their insurance company begins to pay for covered expenses.

1. A type of life insurance that provides coverage for the policyholder’s entire life, with a death benefit and a cash value component that grows over time.
2. The types and amount of protection provided by an insurance policy, outlining what risks or events are covered and the extent of the coverage.
3. A life insurance policy that provides coverage for a specific period (e.g., 10, 20, or 30 years) and pays a death benefit if the policyholder passes away during the term.
5. Specific conditions or situations that are not covered under an insurance policy, such as pre-existing conditions or certain types of damages.
7. The amount paid by an individual or business for an insurance policy, typically paid on a monthly, quarterly, or annual basis.
8. A type of auto insurance that covers medical expenses, lost wages, and other costs resulting from injuries sustained in a car accident, regardless of fault.
11. The person or entity covered by an insurance policy, receiving the benefits of the coverage in the event of a claim.