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- Description
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.
- Premium A. The set amount that a policyholder must pay per loss on an insured policy
- Deductible B. A flat fee that a policyholder must pay for each received service
- Copayment C. The protection provided by the terms of an insurance policy
- 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 Insurance | Description 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
|