Management and Organizational Studies 2277A/B Chapter Notes - Chapter 9: Canada Health Transfer, Canada Health Act, Disability Insurance

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2277A/B
• Professor: Barry Hawn

Document Summary

Health insurance - a group of insurance benefits provided to a living individual as a result of sick. Includes medicare, private health care, disability, critical illness, and long-term care. Life insurance - insurance that provides a payment to a specified beneficiary when the insured d. The payment is usually referred to as the face amount - the amount stated on the face of paid on the death of the insured. Amount received by the beneficiary is not normally taxed. Life insured - the person who is covered in the policy. There are situations where the life insured and policy owner are different people. Most common financial goal related to life insurance is to maintain financial support for y. Medicare - an interlocking system of provincial and territorial health insurance plans provided b including the federal government. The remaining 30% is covered by private health care plans (employment and schools) or e insurance.