Across
- 1. The likelihood of loss or damage, which insurance helps manage
- 5. ______ Life insurance: covers your entire lifetime and includes a cash value component
- 6. _______ coverage: Insurance that covers damage from theft, fire, or natural disasters
- 7. The amount you pay to receive insurance coverage
- 9. _______ coverage: Insurance that covers damage to your car when you hit another vehicle or object
- 12. ________ Insurance: replaces a portion of lost income if you become disabled for an extended period; can last until retirement
- 14. The legal responsibility for causing injury or property damage
- 15. The amount you must pay out-of-pocket before insurance coverage begins
- 17. The percentage of medical costs you pay for a covered health service after meeting your deductible
- 18. Premiums and deductibles are _______ related
- 19. A health insurance plan requiring members to see in-network providers and get referrals for specialists
- 20. A professional who calculates risk and determines insurance rates
- 21. Insurance that insurance companies purchase to reduce their own risk
Down
- 2. ________ Insurance: replaces a portion of lost income if you become disabled; typically lasts 3-6 months
- 3. _______ coverage: The type of auto insurance legally required in almost every state
- 4. _____ Life insurance: provides coverage for a set number of years
- 7. A contract between an individual and an insurance company outlining coverage details
- 8. A request to an insurance company for payment based on a covered event
- 10. A health insurance plan that allows more flexibility to see doctors outside the network
- 11. The most you will pay for covered medical expenses in a year
- 13. ________ Insurance that protects personal property and liability in a rented home or apartment
- 16. The maximum amount an insurance company will pay for a covered claim
- 18. A financial product that transfers risk from an individual to an insurance company