Chapter 10 - Chapter 10 Insurance and Investments 1...

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Chapter 10: Insurance and Investments 1. insurance and investments: a. financial protection purchased for your dependents. b. sums of money paid out to gain future income for yourself. 2. health insurance: insurance coverage against overwhelming medical expenses. 3. basic plan: a health insurance program that includes only hospital and surgical-medical insurance. 4. comprehensive plan: insurance that protects you from loss of or damage to your automobile caused by fire, vandalism, theft, and so on. 5. group plan: insurance offered to members of a group, such as the employees of a business, at a lower cost than individual insurance. 6. nongroup plans: insurance for people not enrolled in a group. 7. hospital insurance: insurance that pays most of the cost of hospitalization. 8. surgical-medical insurance: insurance that pays your doctor’s fee, up to a certain amount, for surgery. 9. major medical insurance: insurance that pays for medical costs not covered by hospital or surgical-medical insurance. 10. coinsurance clause: a clause in your major medical policy stating the percent
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Chapter 10 - Chapter 10 Insurance and Investments 1...

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