FP 101 Week 8 Insurance Worksheet

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FP 101 Week 8 Insurance Worksheet
FP 101 Week 8 Insurance Worksheet
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FP 101 Week 8 Insurance Worksheet

Complete the Insurance Worksheet.

Submit your assignment to the Assignment Files tab.

Insurance Worksheet

 

Directions:

Match the following word with the correct definition.

 

  1. Premium                                               A.  The set amount that a policyholder must pay per loss on an insured policy

 

  1. Deductible                                                      B.    A flat fee that a policyholder must pay for each received service

 

  1. Copayment                                                    C.    The protection provided by the terms of an insurance policy

 

  1. Coverage                                                       D.    The amount of money a policyholder is charged for an insurance policy

 

 

Directions:

 

For each type of insurance listed, explain in at least 50 or more words coverage characteristics provided.

 

Type of InsuranceDescription of Coverage
Auto

 

 

 

 

 

Bodily Injury Coverage

 

 

 

Property Damage Coverage

 

 

 

Car Rental

 

 

Discounts

 

 

 

Home and Property

 

 

 

 

 

Replacement value of home

 

 

 

Actual Cash Value

 

 

 

Liability Coverage

 

 

 

Location influences

 

 

 

Discounts

 

 

 

Health

 

 

 

 

 

Health Maintenance Organization (HMO)

 

 

 

Preferred Provider Organization (PPO)

 

 

 

Point-of-Service Plan (POS)

 

 

Health Care Accounts

 

 

 

Medicare

 

 

 

Medicaid

 

 

 

Long-term Care

 

 

 

Disability

 

 

 

 

 

Short-term

 

 

 

Long-term

 

 

 

Social Security

 

 

 

Workmen’s Compensation

 

 

 

Life

 

 

 

 

Term Life

 

 

 

Whole Life

 

 

 

Universal