Types_of_insurance (1).doc - Page | 22 2.6.5.A4 Types of Insurance Total Points Earned Name Jessi Cayton 25 Total Points Possible Date Percentage Class

Types_of_insurance (1).doc - Page | 22 2.6.5.A4 Types of...

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Page | 222.6.5.A4© Take Charge Today – August 2013 – Types of Insurance Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of ArizonaName Jessi CaytonDate Class Directions: Match the correct term with the correct definition by placing the letter on the appropriate blank.1.CA financial product purchased by many people facing a similarrisk to protect against the risk of larger losses2.AThe money paid to an insurance company to purchase a policy3.DThe chance of loss from an event that cannot be entirelycontrolled4.E The out of pocketmoney paid by the policyholder beforeaninsurance company will cover the remaining costs attributed tothelossA.PremiumB.PolicyC.InsuranceD.RiskE.Deductible5.BA contract between the insurance company and the insuredthat states the exact terms of the policy including what risks are covered and how much will be paid for anylosses
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