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measure of the likelihood that something will be lost |
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process of measuing risk and finding ways to minimize or manage loss |
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an individual who relies on someone else for financial support,such as a child, a spouse, or an elderly parent |
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when you buy a insurance policy |
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payed set amount of money |
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amount you must pay before insurance begins to pay |
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pay for covered medical services after treatment is provided |
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percentage of the service cost that patients pay |
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person whose care requires a stay in a hospital |
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contract with specific doctors to deliver medical services and preventive care to members at reduced costs |
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is a flat fee the patient must pay for medical services |
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a tax advantage savings account available to people enrolled in qualified High Deductible Health Plans |
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refer to medical services that are not covered |
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an illness or injury you had before signing up for health care insurance |
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person or organization named by the policyholder to receive assets after the policyholder's death |
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provides protection only for a specific period of time |
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provides basic lifetime protection so long as premiums are paid |
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pays the face value of the policy to beneficiaries if the insured dies before the endowment period ends |
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an estimate of the current value of property |
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a decrease in the value of property as a result of age or wwear and tear |
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coverage that protects you when you are seponsibile for an auto accident that results in the injury or death of other parties |
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property damage liability |
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protects you when you are responsible for an auto accident in which the property of others is damaged |
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eliminates the faultfinding proces in settling claims |
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