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Chapter 9 - INSURANCE

Foundations of Financial Literacy

Word Bank
Beneficiary, CLAIM, COVERAGE, Co-payment, DEDUCTIBLE, Elimination period, LIABILITY, OUT-OF-POCKET-EXPENSE, POLICY, PREMIUMS, Term, WILL

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Across
4.Life insurance policy for a specific period of time is called
5.A legally enforceable declaration of how a person wishes his or her property to be distributed after death
8.Amount you pay monthly, quarterly, semiannually, or annually to purchase different types of insurance
9.Amount you have to pay out of pocket for expenses before the insurance company will begin to cover all or a portion of the remaining costs
12.The time between the disabling event and the beginning of payments in your disability coverage is called:
Down
1.Specific amount of money that you are required to pay
2.Applies to the amount of protection you have through an insurance company in the event of a loss
3.Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure
6.The state or quality of being obligated according to law or equity
7.Describes the type of coverage in an insurance agreement
10.An amount of money you pay to help cover a portion of your medical costs Annuity
11.The recipient of assets passed on from the death of a friend or relative

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