Chapter 6 Assessment

Front

A plan for sharing the risk of medical costs resulting from injury or illness

Back

health insurance

Front

The person designated to receive money from a life insurance policy

Back

beneficiary

Front

Insurance that pays money to the beneficiary upon the death of the insured person

Back

life insurance

Front

A type of health insurance plan that allows patients to choose any doctor or other provider for medical services

Back

fee-for-service plan

Front

Insurance that provides income to replace a portion of normal earnings when the insured is unable to work due to a nonwork-related injury or illness

Back

disability insurance

Front

The likelihood of a risk returning in a loss

Back

probability

Front

Passing a risk to another party

Back

risk transfer

Front

Setting aside money to be used in the event of an injury or loss of assets

Back

self-insure

Front

The price you pay for insurance coverage

Back

premium

Front

Protection against injuries suffered by others while on your property or as a result of your actions

Back

liability coverage