FP 120 Week 5 Insurance Worksheet

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FP 120 Entire Course Link

https://uopcourses.com/category/fp-120/

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FP 120 Week 5 Insurance Worksheet

Instructions
Complete the Insurance Worksheet.
Submit your assignment to the Assignment Files tab.
Insurance Worksheet

Directions:
Match the following word with the correct definition.

1. Premium
A. The set amount that a policyholder must pay per loss on an insured policy

2. Deductible
B. A flat fee that a policyholder must pay for each received service

3. Copayment
C. The protection provided by the terms of an insurance policy

4. Coverage
D. The amount of money a policyholder is charged for an insurance policy



Directions:

For each type of insurance listed, explain in at least 50 or more words coverage characteristics provided.

Type of Insurance Description of Coverage
Auto




Bodily Injury Coverage

Property Damage Coverage

Car Rental

Discounts

Home and Property




Replacement value of home

Actual Cash Value

Liability Coverage

Location influences

Discounts

Health




Health Maintenance Organization (HMO)

Preferred Provider Organization (PPO)

Point-of-Service Plan (POS)

Health Care Accounts

Medicare

Medicaid

Long-term Care

Disability




Short-term

Long-term

Social Security

Workmen’s Compensation

Life



Term Life

Whole Life

Universal
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