Insurance

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5 Terms

1
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Insurance 

a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium

2
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premium

the amount you're charged for your insurance policy

3
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4 insurance types

  1. life

  2. health

  3. auto

  4. long-term disability

4
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deductible 

amount you pay before insurance 

5
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coverage limit

how much insurance will pay