Across
- 3. type of marine insurance that covers ships at sea
- 6. gives you temporary protection until a policy is issued
- 7. written contract between a person buying insurance and the insurance company that sells it
- 8. insurance that provides for a stated time, generally 20-30 years
- 11. this insurance for a particular period, usually five or ten years
- 13. insurance company
- 14. ordinary life insurance and whole life insurance, requires the payment of premiums throughout the insured's life
- 16. form of straight life insurance, allows policyholders to change the terms of the policy as their needs change
- 17. an attachment to an insurance policy that modifies the policy's terms
- 18. a guaranteed retirement income that is purchased by either a lump-sum premium or making periodic payments to an insurer
- 19. a contract under which, the insurer agrees to compensate for a specific loss
- 20. this allows you to stop paying premiums after a stated length of time
- 21. amount of money you can take by either borrowing against or cashing in the policy
- 22. one that insures property that cannot be covered by specific insurance because it is constantly changing in value/location
- 26. amount of protection stated in a life insurance policy
- 27. the person named in the policy to receive benefits paid by the insurer in the event of a loss
- 28. insurance that covers loss resulting directly from an unfriendly or hostile fire
- 29. the person whose life or property is insured
Down
- 1. amount of money you pay to the insurance company for insurance coverage
- 2. a contract in which the insurer promises, for a stated premium, to pay you a sum of money if a particular piece of real or personal property is damaged or destroyed
- 4. a healthcare plan for low-income people
- 5. person's right to take out insurance on another person
- 9. federally funded health insurance program
- 10. insurance that protects against most types of losses and liabilities related to home ownership, including fire, windstorm, vandalism, burglary, and injuries suffered by other persons while on the property
- 12. type of marine insurance that covers goods that are moved by land carriers such as trains, trucks, and airplanes.
- 15. insurance that protects you against loss of personal property, liability for a visitor's personal injury, and liability for negligent destruction of the rented premises
- 23. an insurance contract that provides monetary compensation for losses suffered as a result of someone's death
- 24. one who buys the policy
- 25. a provision in an insurance policy that limits your recovery for a loss if the property is not insured for its full replacement value