Standard 11

____ is not a factor in needing long- term care.

Age

_________ are the payments you make for insurance coverage

Premiums

Aiden has a low credit score because he failed to pay his credit card bills on time when applying for insurance, Aiden should expect the insurance company to ______ his premiums because he was irresponsible.

Raise

You decide to move into an apartment and need ______ insurance to protect your personal property.

Renters

_____ is part of our daily lives

Risk

Your summer vacation plan include water skiing at the lake, and you take both skiing and swimming lessons to learn more about safety

Risk Reduction

Your parents keep you on their health insurance even after you are in college in case you get hurt.

Risk Transfer

Your friend rides a four wheeler and says he does not worry about the risk even though he knows it is dangerous

Risk retention

suppose you have always dreamed of owning your own business however you do not follow through on those dreams because you are afraid you will lose money and business will fail. your behavior is an example of ______ risk.

avoiding.

if you are in an auto accident the type of insurance that will repair your vehicle is called ______ insurance.

collision

term life insurance pays its benefits if the insured dies _______ the term of the policy.

during

term life insurance coverage is ____ associated with a universal life insurance policy

not

your dad installed smoke detectors in your house and changes the battery twice a year to keep them in working order. Your dad is ________ risk

reducing

The deductible on your insurance policy represents _______ risk.

retained

While planning for your summer vacation, you decide not to go four-wheeling because it's dangerous.

risk avoidance.

the concept of probability represents the idea of )________.

Chance

You have a sore throats and your mother takes you to the doctor. Before leaving, she gives the receptionist her insurance card and a check for $30. The $30 is called ____

Coe- pay.

There is a storm while you and EVAN are watching a movie at a theater in the mail when you go outside your realize a tree has fallen on your car. what kind of insurance will cover the damage?

Comprehensive

the amount of out-of-pocket money you pay before your insurance begins to provide coverage is called the _______

Decuctable

_________ provides benefits to a person who becomes ill or injured and needs extended time to recover before returning to work.

Disability insurance

when you apply for auto insurance, your age, FCIO score, and your _______ record affect your premiums.

Driving

you have friends over for a party and Tad accidentally falls down the stairs and breaks his leg. which type of insurance protects you if Tad decides to sue or asks for medical assistance?

Liability

MOST low income citizens in the U.S. regardless or age, are eligible to participate in a federal program known as _______

Medicade

Grandma Renae is 68 years old. Her medical coverage is provided by the federal government through a program called ________.

Medicare

Which type of insurance provides coverage upo a person's death, but only for a specific period of time?

Term life

Insurance is designed to transfer your risk to a _____________

Third party

the principle of risk is based on the premise of _______?

Uncertainty.