Across
- 3. gives you temporary protection until a policy is issued
- 6. guaranteed retirement income that is purchased by paying money to an insurer
- 7. covers goods that are moved by land carriers such as trains, trucks, and airplanes
- 10. person who buys the policy
- 16. person's right to take out insurance on another person because they would suffer a financial loss/hardship
- 17. amount of protection stated in a life insurance policy
- 18. ordinary life insurance; requires the payment of premiums throughout the insured's life
- 20. amount of money you can take by either borrowing against or cashing in the policy
- 22. provision in an insurance policy that limits your recovery for a loss
- 23. attachment to an insurance policy that modifies the policy's terms
- 24. provides protection for a stated time
- 25. insurance company
- 26. contract in which the insurer promises to pay you a sum of money if a particular piece of a real/personal property is damaged/destroyed
- 28. contract under which the insurer agrees to compensate you for a specific loss
- 29. insurance contract that provides monetary compensation for losses suffered as a result of someone's death
Down
- 1. health care plan for low-income people
- 2. written contract between a person buying insurance and the insurance company
- 4. covers ships at sea
- 5. allows you to stop paying premiums after a stated length of time
- 8. federally funded health insurance program
- 9. form of straight life; allows policyholders to change the terms of the policy if needed
- 11. protects against loss of personal property, liability for a visitor's personal injury, and liability for negligent destruction of the rented premises
- 12. amount of money you pay to the insurance company for insurance coverage
- 13. insures property that cannot be covered by specific insurance because it constantly changing in value or location
- 14. issued for a particular period, usually five or ten years
- 15. person named in the policy to receive benefits paid by the insurer in the event of a loss
- 19. person whose life or property is insured
- 21. protects against most types of losses and liabilities related to home ownership
- 27. covers loss resulting directly from an unfriendly or hostile fire