A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy

Auto insurance that protects you against costs to repair your own vehicle after a crash

Auto insurance that protects you against costs to repair or replace your vehicle after events out of your control such as weather, vandalism, theft, etc.

A set dollar amount you agree to pay each time you receive medical treatment, while the insurance company agrees to cover the rest

The amount of money you agree to pay towards your losses before your insurance coverage will begin paying

An agreement where you make regular payments to a company and the company promises to pay you money if you suffer an injury, illness, loss, etc

Auto insurance that protects you against medical costs for the bodily injury of others and damages to the property of others if you are at fault in an accident

The maximum amount of money you will have to spend on health care in a year, after which the insurance company agrees to cover all costs

The lowest amount of auto insurance coverage one can have to be legally allowed to drive in each state

Auto insurance that protects you against cost of your own medical bills if you are involved in a car accident

The specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time

Auto insurance that protects you against another driver not having enough coverage to pay the entirety of your losses

An added-cost feature in homeowner's insurance that will replace an item that is damaged, lost or stolen.

Reimbursement of the value of an item minus depreciation which is common to most homeowner's policies unless they pay extra for RV.

A written amendment to an insurance policy which often adds special coverage (i.e. jewelry, tools, electronics)

A supplement to a person who has both auto and home coverage expanding their liability coverage to over one million dollars.

A small policy that adds or excludes some types of coverage of the main insurance policy.

failing to exercise the care expected of a reasonably prudent person in like circumstances - you are at fault

The way that you and your health insurer share the cost of your care.

Has the highest premium. Covers 90% on average of your medical costs; you pay 10%

Covers 80% on average of your medical costs; you pay 20%. Generally has a fairly high premium.

Covers 70% on average of your medical costs; you pay 30%

covers 60% on average of your medical costs; you pay 40%. Lowest of the metal's monthly premium.

Insurance that pays after you have reached a very high deductible

life insurance that provides a death benefit plus a savings plan and lasts for the policyholder's lifetime

Life insurance that pays a death benefit if the policyholder dies within a specific time period but has no remaining value at the end of this time.

The person or people designated to receive the death benefit from a life insurance policy when the insured dies.

a rise in the general level of prices.

the use of savings to earn a financial return.

The spreading of risk among many types of investments

A formula used to estimate time or rate to double your money

represents ownership in a corporation.

are debt obligations of corporations or a government.

A(n) _________ pools money of many investors and buys a large selection of securities.

A(n) ______ ________ is a benchmark that stock investors use to judge investment performance like the S & P.

Stocks of large, well-established companies that are considered lower risk

A(n) _________ market is characterized by rising stock prices and optimism.

A(n) _________ market is characterized by the selling of stocks and pessimism.

Interest earned on the sum of the original principal plus interest

A regular account at a credit union is called a(n) _________ account.

The greater the _________ you are willing to take, the higher the rate of interest you may receive.

A deposit that is set aside for a specified length of time at a specified rate is called a(n) _________.

A type of savings plan that offers a more competitive interest rate than a regular savings account is called a(n) _________.

The capability of financial resources being easily converted to cash

The amount of money you place in savings or the original amount borrowed.

The day on which a certificate may be cashed in

When a CD is cashed before its maturity date, the depositor must pay a(n) _________ penalty.

the return on an investment

The earned or lost on investments

Taking on little to no risk

Taking on some risk

Taking on a lot of risk

Once you have an emergency fund with 3-6 months worth of income in it

where stocks are bought and sold

tax-exempt bonds issued by state and local governments

bonds issued by the government; exempt from local and state taxes

bonds issued by corporations

funds that buy all the stocks on a given index (such as the S&P 500 or Dow Jones)

In some states, maximum interest rates are set by _________ laws.

A credit bureau issues a written statement called a(n) _________, which itemizes accumulated information about a person through subscribers and public records.

A(n) _________ is a business that accumulates, stores, and distributes credit information to members.

A consumer request to deny all access to a consumer's credit information or files.

Hiring a company to monitor your credit files at all 3 credit bureaus.

The rate of interest one is charged on a yearly basis for using credit.

The free period, also called _________, allows you to avoid a finance charge if you pay in full before the due date.

One who lends money or the use of goods and services for payment at a later date is known as a(n) _________.

Paying at a future date for the present use of goods and services or money is called _________.

A service to customers called _________ allows you to charge now and not be billed for several months.

The interest you pay for the use of credit is called a(n) _________.

Part of the purchase price paid in cash and up front on a loan.

Taking back property when someone does not pay for it.

The _______is the least amount that one may pay per month under a credit card agreement.

The standard Internal Revenue Service (IRS) form that individuals use to file their annual income tax returns.

Form that details all "non-employee" compensation. This includes income for completing specific jobs, like freelancers or contractors who are effectively self-employed.

Form used by an employer to verify an employee's identity and to establish that the worker is eligible to accept employment in the United States.

Taxes paid by employees to federal and state government. Collected or withheld from one's paycheck.

A document attached to every paycheck that details your earnings and the amount withheld for taxes, health insurance, retirement funds, etc.

Federal and state taxes that all employers must pay, based on a percentage of the employee's salary. They go to such things as Social Security and Medicare/Medicaid.

A federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals

Form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck

A form completed by an employee to indicate his or her tax situation (exemptions, marital status, etc.) to the employer, who then withholds the corresponding amount of taxes from each paycheck

The portion of an employee's wages that is not included in their paycheck because it goes directly to federal, state and local taxes

A federal law that requires an employer to withhold taxes from the wages they pay their employees; the funds go toward Social Security and Medicare