Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key


Play button


Play button




Click to flip

8 Cards in this Set

  • Front
  • Back
What is insurance?
possibility of loss, spread to many individuals
What is a insurance policy?
A contract between an insured and an insurance company whicj aagrees to apy in event of loss
Who is the insurer?
The company who issues the policy
Who is the insured?
The person covered by the policy of insurance.
Who is the policy owner?
The person who pays for the policy of insurance.
What is the beneficiary?
The person who receives the benefits from the policy of insurance.
What is a premium?
The money paid to the insurance company for the policy of insurance.
What is a death benefit?
The amount paid when a claim is issued aganist a policy of insurance