chapter 23 vocab

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Across
  1. 5. is designed to cover a person's entire life to build a cash value
  2. 11. the amount that will be paid to the beneficiary upon your death
  3. 12. the legal contract issued by the insurance company in your name
  4. 13. is designed to help people protect their assets in the event of a prolonged illness or convalescence
  5. 14. covers the life of the insured for a specified term or period of time
  6. 15. the amount of money you pay for your insurance
  7. 17. is designed to begin paying when the basic coverage stops
  8. 18. eliminates the legal process of providing who is at fault in an accident
  9. 19. is a group that provides health services with an annual fee
Down
  1. 1. the amount of money you, the policyholder, would reveive if the policy is surrendered before your death or when it matters
  2. 2. also offers varying degrees of protection and savings
  3. 3. that allows the insured to alter the coverage as the need for protection and the ability to pay for change
  4. 4. protects against the loss of income due to the death of the insured
  5. 6. generally pays for hospitalization, which includes room, board, and nursing services
  6. 7. is like HMO the employer has a group of doctors
  7. 8. protect a person or family from loss of income due to a disabling illness or injury
  8. 9. also offers both protection and savings
  9. 10. covers damage to (or loss of) your home as well as the personal property inside your home
  10. 16. the person you designate to receive the benefits of the policy upon your death