CROSSWORDS

3. : This is a tax-efficient way to save money for when you have retired, or for later life when you are no longer able to earn.
5. : An income or lump sum of money bequeathed or left to a beneficiary or loved one after you die.
8. : Money paid to a third party for matching customers with insurance providers.
9. : When a policy (such as life insurance or a pension) reaches its agreed time limit, it comes to an end and the value is paid out.
10. : Money paid by an insurer when a claim is accepted.
12. : Net is the value of something minus any costs related to it.
14. : Someone who is owed money.
16. fund : The pool of money into which all life insurance premiums are paid and out of which all claims are paid
17. : Injury or damage to an insured property or person as a result of an accident or misfortune
18. : An added amount or payment on top of what you would usually expect to receive as a result of high levels of performance.
19. : The amount before costs are deducted.

1. : This is when someone promises to pay for loss or damage they cause someone else.
2. : When a person or organisation owes money but cannot pay it
4. : An unexpected or unplanned event or incident often causing damage or injury such as a road traffic accident
6. : This is another name for an intermediary or a broker. It means a third party that sells insurance products to customers.
7. : A person who receives a regular income from an annuity.
11. : risk or item specifically not covered by a policy.
13. : A peril is the cause of damage, such as earthquakes, flooding, storm or fire.
14. : Required by law or an insurance policy.
15. price : This is how much you pay for each unit when investing in a set investment fund.