FP 120 Week 5 Insurance Worksheet

Instructions

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

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

1. Deductible

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

1. Copayment

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

1. Coverage

1. 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.