Chapter 11 Insurance

4. policies are for when someone leaves their job and will not have health insurance.
6. life which allows policy owners to change face value as needed.
10. insurance covers an individual for their entire lifetime.
11. the written agreement between the insurance company and the person who purchases the insurance
12. is a coverage that covers the insured, their family, and their guests from accident-related medical bills.
13. A contract that requires your insurer to pay some or all of your care costs in exchange for a premium.
14. is a flat fee that must be paid by the policy owner at the time of service.

1. insurance provides coverage for a set period of time.
2. a set amount that must be paid before the insurer will pay.
3. the value of an item decreases from use, wear and tear, age, etc.
5. protects vehicles from being damaged or stolen.
7. policies allow the policyholder to determine which investments are made from the investment account.
8. insurance that pays out a sum of money on the death of the insured person
9. the property protected includes the home in which the policy protects and the belongings in the home.
10. are payments that the policy owners make for the insurance coverage