9.6 Vocab

Question 1

Disability insurance

Answer 1

a type of insurance that will replace a portion of the policyholder’s income in the event that the policyholder becomes disabled and is unable to work

Question 2

a type of insurance that will replace a portion of the policyholder’s income in the event that the policyholder becomes disabled and is unable to work

Answer 2

Diability insurance

Question 3

elimination period

Answer 3

the period of time between when a doctor confirms a disability and when the policyholder receives a disability payment

Question 4

the period of time between when a doctor confirms a disability and when the policyholder receives a disability payment

Answer 4

elimination period

Question 5

identity theft

Answer 5

the act of fraudulently gaining and using the personal information of someone else, usually for financial gain

Question 6

the act of fraudulently gaining and using the personal information of someone else, usually for financial gain

Answer 6

identity theft

Question 7

long-term care insurance

Answer 7

a type of insurance that covers some or all of the costs of nursing home care, assisted living, in-home care, and other end-of-life care

Question 8

a type of insurance that covers some or all of the costs of nursing home care, assisted living, in-home care, and other end-of-life care

Answer 8

long-term care insurance

Question 9

supplemental insurance

Answer 9

plans to cover expenses and services not on typical policies

Question 10

plans to cover expenses and services not on typical policies

Answer 10

supplemental insurance