Insurance Vocab.

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Across
  1. 3. insurance insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses, among a targeted group, an insurer can develop monthly premium to ensure that money is available to pay for the health care benefits specified in the insurance agreement. A co-pay is the amount of money you pay out-of-pocket for a covered medical service. Co-pays are typically a flat dollar amount for a doctor's office visit, prescriptions or lab tests.
  2. 5. coverage Car insurance policy that will repair damages to your vehicle when something collides with your vehicle. Consumers terminate/cancel the policy when the value of the car is less than the replacement pay out by insurance company.
  3. 6. life insurance An insurance policy that will pay a lump-sum benefit to your family or another beneficiary of your choice, if you die while the policy is in effect. Is not a permanent life insurance policy.
Down
  1. 1. Insurance Will cover your bills while you are disabled or cannot work, with an injury or illness for a certain amount of time. Doesn’t replace income.
  2. 2. life insurance A policy that is also a way to invest money. It is referred to as a permanent life insurance policy because, as long as you pay your premiums, the policy is yours for life, providing your loved ones with a guaranteed benefit upon your death.
  3. 4. Insurance is insurance you buy to protect you furniture, belongings, etc. in case of a burglary, fire, or some natural disaster. Also covers liability/injury to others.