FIN 502 Chapter Notes - Chapter 10: Critical Illness Insurance, Travel Insurance, Parental Leave
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Any damages to the building structure Temporary living expenses, like hotel Your monthly paycheck |
Major medical Comprehensive major medical Nursing home care Long-term care |
Your son falls down the stairs of your home Your automobile is stolen Your dog bites the neighbor Smoke from the fireplace fills your house |
Needs approach Cash liquidity approach Funds analysis approach |
Protect you from the risk of loss Supplement your income Help you from making bad decisions |
Hospital and surgical expenses Hospital, and surgical and physician expenses There is no basic health-care insurance |
The cost of treating injuries, rehabilitation, lost wages, and funeral costs Damage or theft of your car All of the above |
contingent beneficiary policyholder insured |
Costs more than other types of life insurance Has premiums that decrease over one's lifetime Pays benefits to the insured when the insured reaches age 65 |
to provide protection from financial losses as an investment to cover personal property |