Risk & Insurance

What is Risk?

• Chance that something can lead to loss or harm

• Provides money to pay for medical bills or to get something fixed

• Chance that something might cause you to lose money

• The amount of money you pay an insurance company.

What is Financial Risk?

• Chance that something can lead to loss or harm

• Provides money to pay for medical bills or to get something fixed

• Chance that something might cause you to lose money

• The amount of money you pay an insurance company.

How do I protect against Risk?

• By getting insurance.

• By getting a savings account.

• By staying home.

• By not taking risks.

What does Insurance do?

• Chance that something can lead to loss or harm

• Provides money to pay for medical bills or to get something fixed

• Chance that something might cause you to lose money

• The amount of money you pay an insurance company.

What's a premium?

• Chance that something might cause you to lose money

• Something you buy "just in case".

• The original amount of money you invest.

• The amount of money you pay an insurance company.

What's insurance?

• Chance that something might cause you to lose money

• Something you buy "just in case".

• The original amount of money you invest.

• The amount of money you pay an insurance company.

What is a beneficiary?

• A person who has bought an insurance policy.

• The person who receives the money paid out by an insurance company.

• A person who works for an insurance company who handles your claim.

• A written contract detailing what an insurance company will cover.

What is an Insurance Agent?

• A person who has bought an insurance policy.

• The person who receives the money paid out by an insurance company.

• A person who works for an insurance company who handles your claim.

• A written contract detailing what an insurance company will cover.

What is a Policyholder?

• A person who has bought an insurance policy.

• The person who receives the money paid out by an insurance company.

• A person who works for an insurance company who handles your claim.

• A written contract detailing what an insurance company will cover.

What is a Policy?

• A person who has bought an insurance policy.

• The person who receives the money paid out by an insurance company.

• A person who works for an insurance company who handles your claim.

• A written contract detailing what an insurance company will cover.