Ch. 9 Insurance

2. paperwork filed with an insurance company in order to get them to cover a loss for someone they insure.
3. amount you pay monthly, quarterly, semiannually, or annually to purchase different types of insurance.
6. applies to the amount of protection you have through an insurance company in the event of a loss.
7. amount you must pay before you begin receiving any benefits from your insurance company.
11. specific amount of money that you pay when insurance only covers a portion of costs.
12. describes the type of coverage in an insurance agreement.
13. a legally enforceable declaration of how a person wishes his or her property to be distributed after death.

1. the state or quality of being obligated according to law or equity.
4. type of insurance that provides an income in case the insured becomes unable to perform the job he/she was educated or trained to do.
5. method used to evaluate the wisdom of a financial decision by determining the length of time it will take for the cost of the decision to be recouped.
8. the recipient of assets passed on from death of a friend or relative.
9. financially motivated, nonviolent crime.
10. an employee benefit plan maintained by an employer or by an organization that provides medical care for participants and/or their dependents through insurance.