chapter 23

3. provider organization common with both HMOS and fee for service health insurance
7. the policyholder will pay a certain percentage of the cost while insurance company pays the remaining portion of the cost.
14. value the amount of money you, the policy holder, would receive if the policy is surrendered before your death or when it matures.
16. life insurance also offers both protection and savings
18. term care insurance is designed to help people protect their assets in the event of a prolonged illness or convalescence
20. the insured will pay an agree on portion of the total expected which may be the first of the bill.
21. the person you designate to receive the benefits of the policy upon your death
22. maintenance organization paying a set fee on a regular basis
23. life insurance covers the life of the insured for the specific term or period of time
24. fault auto insurance eliminates the legal process of proving who is at fault in an accident

1. the amount of money you pay for your insurance
2. life insurance is flexible insurance that allows the insured to alter the coverage as the need for protection and the ability to pay for it change
3. the amount of money you pay for your insurance company in your time
4. income insurance is another kind of health insurance
5. insurance covers damages to your home as well as the personal property inside your home.
6. medical insurance generally pays for doctor visits and hospitalization which includes room, board, and nursing service
8. also known as a copay the predetermined amount some policies may require the policyholder to pay at the time a medical service is required.
9. type of specialization account some employers offer their employers.
10. life insurance also offers varying degrees of protection and savings
11. the legal contract issued by the insurance company in your name
12. out of pocket expenses limits the amount of money a policyholder will have to pay in a given year for medical expenses.
13. life insurance is designed to cover a persons entire life and to build a cash value
15. amount the amount of money that will be paid to the beneficiary upon your death
17. insurance protects against loss of income due to the death of the insured.
19. medical insurance is designed to begin paying when the basic coverage stops