, Business - Finance II of VI pages
Circle the letter of the Definition that corresponds to the displayed Term.
1. Homeowners insurance
A: The out-of-pocket money paid by the policyholder before an insurance company will cover the
B Provides payment to cover liability losses as well as damage and loss of the home structure and its
C: Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid.
D: Someone who receives money if an insured person dies.
2. Life insurance
A: When the act of insuring an event increases the likelihood that the event will happen.
B: Provides payments for both liability and property insurance on a vehicle.
C: Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid.
D Provides payment to beneficiaries who were named by the insured person.
3. Liability insurance
A Provides payment to others if a member of the insured household accidentally causes harm to other
B: Provides payment to cover liability losses as well as damage and loss of the home structure and its
C: Provides payment to renters to cover the damage and loss of property in a rental unit in addition to
D: Cash set aside that can be used to cover the costs of unexpected expenses.
4. Long-term care insurance
A: Employers may offer employee benefits in the form of products or services that add extra value for
B: Someone who relies on someone else for income and care.
C: Provides payment to cover liability losses as well as damage and loss of the home structure and its
D Provides payment for extended nursing care due to accidents, illness, or old age.
5. Co-insurance
A: When the act of insuring an event increases the likelihood that the event will happen.
B: Provides payment to others if a member of the insured household accidentally causes harm to other
C Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid.
D: Provides money to pay for health care for illness, injury, or, in some cases, preventive care.
6. Disability insurance
A: Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid.
B Provides payment to replace earnings during times when workers cannot work due to illness or injury.
C: Someone who receives money if an insured person dies.
D: The risks covered and amount of money paid for losses under an insurance policy.
Business - 2024/25 2024/2025 Edition
Circle the letter of the Definition that corresponds to the displayed Term.
1. Homeowners insurance
A: The out-of-pocket money paid by the policyholder before an insurance company will cover the
B Provides payment to cover liability losses as well as damage and loss of the home structure and its
C: Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid.
D: Someone who receives money if an insured person dies.
2. Life insurance
A: When the act of insuring an event increases the likelihood that the event will happen.
B: Provides payments for both liability and property insurance on a vehicle.
C: Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid.
D Provides payment to beneficiaries who were named by the insured person.
3. Liability insurance
A Provides payment to others if a member of the insured household accidentally causes harm to other
B: Provides payment to cover liability losses as well as damage and loss of the home structure and its
C: Provides payment to renters to cover the damage and loss of property in a rental unit in addition to
D: Cash set aside that can be used to cover the costs of unexpected expenses.
4. Long-term care insurance
A: Employers may offer employee benefits in the form of products or services that add extra value for
B: Someone who relies on someone else for income and care.
C: Provides payment to cover liability losses as well as damage and loss of the home structure and its
D Provides payment for extended nursing care due to accidents, illness, or old age.
5. Co-insurance
A: When the act of insuring an event increases the likelihood that the event will happen.
B: Provides payment to others if a member of the insured household accidentally causes harm to other
C Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid.
D: Provides money to pay for health care for illness, injury, or, in some cases, preventive care.
6. Disability insurance
A: Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid.
B Provides payment to replace earnings during times when workers cannot work due to illness or injury.
C: Someone who receives money if an insured person dies.
D: The risks covered and amount of money paid for losses under an insurance policy.
Business - 2024/25 2024/2025 Edition
