Across
- 1. The recipient of funds or other benefits from insurance policies
- 3. Risk transfer to a third party
- 5. A business whose main purpose is to receive deposits and make loans
- 6. Amount paid on an insurance policy per a given time period
- 9. Used when a person is not capable of working
- 11. Interest on the original loan
- 14. A periodic payment for the use of borrowed funds
- 15. A collection of securities chosen and managed by a group of professional fund managers
- 16. More money is taken out based on a larger paycheck (federal tax)
Down
- 2. Interest paid on both the original loan and interest earned
- 4. When benefits outweigh costs
- 7. Used when a person is sick
- 8. Insurance that protects your belongings from theft and destruction
- 10. Benefits survivors or the deceased
- 12. Your payment before an insurance company begins coverage
- 13. The amount of money borrowed, or the amount of money still owed on a loan