Across
- 2. the amount of money you pay yo the insurance company for its insurance coverage
- 5. a contract under which the insurer agrees to compensate you for a specific loss
- 6. you can't take out insurance unless you have an _____ insurance in the person or property you want to insure
- 7. the person named in the policy to receive benefits paid by the insurer in the event of a loss
- 8. insurance that covers losses resulting directly from a fire
- 9. person that buys the policy
- 12. a guaranteed retirement income that is purchased by paying either a lump-sum premium or making periodic payments to an insurer
- 13. federally funded health insurance plan for people over 65
- 15. a form of straight life insurance, allows the policyholders to change the terms of the policy as their needs change
- 21. written contract between a person buying insurance and the insurance company that sells it
- 22. an attachent to an insurance policy that modifies the policy's terms
- 23. the amount of money you can take by either borrowing against or cashing in the policy
- 24. ____ marine insurance covers goods that are moved by land carriers
- 25. insurance that is issued for a particular period, usually 5 or 10 years
- 27. healthcare plan for low-income people
- 28. the amount of protection stated in a life insurance policy
Down
- 1. insurance that protects you against loss of personal property, visitors' personal injury etc
- 3. the insurance company
- 4. life insurance that allows you to stop paying premiums after a stated length of time
- 8. insures property that cannot be covered by specific insurance because it is constantly changing in value or location
- 10. provision in an insurance policy that limits your recovery loss if the property is not insured for its full replacement value
- 11. insurance that protects against most types of losses and liabilities related to home ownership
- 14. insurance that provides protection for a stated time
- 16. aka ordinary/whole life insurance requires the payment of premiums throughout the insured's life
- 17. person whose life or property is insured
- 18. insurance in which the insurer promises ti okay a sum of money in a particular piece of real or personal property that is damaged or destroyed
- 19. ____ marine insurance covers ships at sea
- 20. gives you temporary protection until a policy is issued
- 26. ___ insurance provides monetary compensation for losses suffered as a result of someone's death