Ross Rector

3. person buying the insurance
6. guaranteed retirement income that is purchased by paying either a lump sum premium or making periodic payments
7. issued for a practical period
9. federally funded insurance program
10. written contract between the person buying the insurance and the insurance company
14. one that insures property that cannot be covered by a specific insurance because it is constantly changing in value or location
16. the amount of money you pay the insurance company
17. the insurance company
18. allows policyholders to change terms of the policy when need be
19. in which the insurance company agrees to compensate you for a specific loss.
21. person named in the policy to receive benefits paid by the insure in an event of a loss
23. covers goods that are moved by land carries
24. covers loss resulting directly from a fire
26. healthcare plan for low income people

1. contract that provides monetary compensation for losses suffered as a result of someone's death
2. an attachment to an insurance policy that modifies the policy's terms
4. covers ships at sea
5. requires payment throughout the insured's life
8. protects you from most types of losses and liabilites related to home owenership
11. a contract in which the insure promises to pay you a sum of money if a particular piece of real or personal property is damaged or destroyed
12. limits your recovery for a loss if the property is not insured for its full replacement value
13. allows you to stop paying premiums after a states length of time
15. you must have this to take out insurance for a person a property
20. gives you temporary protection until a policy is issued
22. amount you can take by either borrowing against or cashing in the policy
23. the person whose life or property is insured
24. the amount of protection stated in a life insurance policy
25. provides insurance for a stated time