Insurance Vocabulary

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Across
  1. 3. A fixed sum of money paid to someone each year, typically for the rest of their life
  2. 5. The amount of money an individual or business must pay for an insurance policy
  3. 7. (2 words) The value printed or inscribed on a bond or share certificate (also called par value)
  4. 8. (2 words) The period of time for which an insurance policy will pay benefits
  5. 9. A driver who is operating a vehicle without the required insurance coverage
Down
  1. 1. Personal Property __________ An addition to an insurance policy that insures specific valuable possessions beyond the standard limits of a home policy
  2. 2. The amount of money you must pay out-of-pocket before your insurance company begins to pay for covered services
  3. 4. To voluntarily terminate a life insurance policy, typically to receive the cash value
  4. 6. The person or entity designated to receive the death benefit upon the death of the insured