Chapter 23 Vocab

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Across
  1. 5. offers varying degrees of protection and savings
  2. 7. protects against loss of income due to death of the insured
  3. 12. the legal contract issued by the insurance company in your name
  4. 13. designed to cover a person's entire life and build cash value
  5. 14. a type of health insurance that protects a family or person from loss of income due to a disabling illness or injury
  6. 16. you pay a set fee and receive health care
  7. 17. offers low cost care and offers a fee-for-service
  8. 19. designed to help people protect their assets in the event of a prolonged illness or convalescence
Down
  1. 1. designed to begin payingg when the basic coverage stops
  2. 2. you pay a fixed premium and receive protection and savings
  3. 3. flexible insurance that allows the insured to alter the coverage as the need for protection and the ability to pay for it change
  4. 4. eliminates the legal process of proving who is in fault in an accident
  5. 6. pays for doctor visits and hospitalization
  6. 8. the amount of money you, the policyholder, would receive if the policy is surrendered before your death or when it matures
  7. 9. covers the life of the insured for a specified term or period of time
  8. 10. insurance covers damage to your home as well as the personal belongings inside
  9. 11. the amount of money you pay for your insurance
  10. 15. the amount of money that will be paid to the beneficiary upon your death
  11. 18. the person your designate to receive the benefits of the policy upon your death