Unit 6 Lesson 1 Vocabulary

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Across
  1. 1. at least six months of expenses set aside to cover costs of unexpected events
  2. 5. payment to beneficiaries if an insured person dies
  3. 8. Payment to replace earnings during times when workers cannot work due to illness or injury
  4. 13. chance of loss from an event that cannot be entirely controlled
  5. 14. payment to others if a member of the insured household accidently causes harm to other people or property
  6. 15. someone who relies on someone else for money income and care
  7. 17. Money paid to purchase the policy
  8. 18. The risks covered and amount of money paid for losses under an insurance policy
  9. 20. amount of money paid out of pocket by policyholder before the insurance coverage begins
  10. 21. payment to cover liability losses and damage/loss of home and its contents
  11. 22. paperwork submitted to insurance organization describing the accident, illness or injury
  12. 23. provides money to pay for health care
Down
  1. 1. products or services that add extra value for employees beyond wages
  2. 2. payment to insured person if his/her property is damaged or destroyed by an accident
  3. 3. the provision of a product or service rather than cash
  4. 4. payment for damage/loss of property in a rental unit in addition to liability losses
  5. 6. payment for liability and property insurance on a vehicle
  6. 7. amount of money, after deductible, that is paid jointly by the insured and the insurance company
  7. 9. transfers risk from an individual to an insurance organization
  8. 10. A contract that specifies what risks are covered and how much will be paid for losses
  9. 11. Person who owns the policy
  10. 12. unpaid work, such as child care or meal preparation
  11. 16. Payment for extended care when a person cannot live independently (but doesn’t need to be hospitalized)
  12. 19. someone who receives insurance money if the insured person dies