worksheets

University of Phoenix Material

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