Across
- 3. A fixed sum of money paid to someone each year, typically for the rest of their life
- 5. The amount of money an individual or business must pay for an insurance policy
- 7. (2 words) The value printed or inscribed on a bond or share certificate (also called par value)
- 8. (2 words) The period of time for which an insurance policy will pay benefits
- 9. A driver who is operating a vehicle without the required insurance coverage
Down
- 1. Personal Property __________ An addition to an insurance policy that insures specific valuable possessions beyond the standard limits of a home policy
- 2. The amount of money you must pay out-of-pocket before your insurance company begins to pay for covered services
- 4. To voluntarily terminate a life insurance policy, typically to receive the cash value
- 6. The person or entity designated to receive the death benefit upon the death of the insured