EPF 2.5 Review

the person responsible for carrying out the actions of a will

• executor
• claim
• will
• deductible

filed after an event that requires an insurance policy to go into effect

• claim
• beneficiary
• will
• deductible

financial protection from life events that could be devastating financially for a person without coverage

• insurance
• beneficiary
• will
• estate

the amount of money an individual must pay when using an insurance policy before the company will pay its portion

• deductible
• executor
• claim
• premium

monthly sum of money paid for an insurance policy whether the policy is used or not

• premium
• beneficiary
• executor
• deductible

person who will benefit financially from an insurance policy payout

• beneficiary
• claim
• executor
• premium

all of the financial assets and debts that a person has at the end of their life

• estate
• insurance
• deductible
• premium

legal document that determines what happens with a person's assets when they die

• will
• claim
• deductible
• insurance