Insurance

Front 1

annual Deductible

Back 1

a feature if some health insurance plans that means the insuranced person has to pay a speacific amount of money on healthcare each year before the insurance company will pay anything.

Front 2

Automobile Insurnce

Back 2

A form of insurance that can cover damage to vehicles and injuries related to car accidents

Front 3

Beneficiary

Back 3

The persno designated to recieve the death benefit of a life insurance policy

Front 4

Benefit

Back 4

Any payement from an insurance company to a beneficiary of a policy

Front 5

Benefit period

Back 5

The length of time during which a benefit is paid such as Medicare or disability insurance

Front 6

cash value

Back 6

money that accrues over time with a whole life insurance policy. It is less than the death benefit and can be with drawn if the policy is surrendered

Front 7

claim

Back 7

a formal request to an insurance company asking for a payment based on the terms of the insurancepolicy

Front 8

coliisioninsurance

Back 8

type of auto insurance that pasy for repairs from a car accident up to the value of the vehiclef

Front 9

comparisonshopping

Back 9

a strategy ro reduce insurance premiums by finding the best deal among many compainies and plans

Front 10

copay

Back 10

a fixed amount of money that an insured person pays at the time of service for a covered healthcare expense. the insurance compapny usually covers the rest of the bill.