Floridalife and healt Study guides, Study notes & Summaries

FLORIDA LIFE AND HEALTH 2-15 FINAL EXAM ACTUAL 100% Mutualization - -The process of a stock company being to converted into a mutual company. Insurance - -1.Spreads the costs of the unexpected financial loss to many individuals or a large numbe of people, Life Insurance - -Guarantees a specific sum of money when someone dies. Health Insurance - -provides funds to cover medical bills due to sickness or injury and to also cover the loss of money because of a disability. Annuities - -P...