Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
A ......... is a person who is named by a policy holder and compensated by an insurance company when a policy holder dies. This person is the one who receives the money that is paid out by the insurance company.
A -
broker
B -
agent
C -
beneficiary
D -
bond
2-
In the United States, a ......... payment is a partial payment made by a person who received medical care while covered under a group medical insurance plan.
A -
un
B -
co
C -
pre
D -
post
3-
Some insurance policies include disability ......... . These are compensation terms that are in place should a policy holder become partially or fully disabled in the event of an unforeseen accident.
A -
orders
B -
statements
C -
quotes
D -
benefits
4-
In order to lower insurance premiums, some people opt for a......... . This is an agreed upon amount that must be paid by a policy holder before an insurer pays out any compensation.
A -
deductible
B -
association
C -
surcharge
D -
fee
5-
If a person fails to pay their insurance premiums on time, his/her account will fall into a ......... state.
A -
delinquent
B -
rate
C -
condition
D -
total
6-
When people enter into a......... insurance policy, they do this so their families are taken care of and compensated should the insured parties die.
A -
death
B -
life
C -
demise
D -
dying
7-
A no-......... insurance plan means that your own insurance company pays you for any injuries and/or property damage that occurs in minor accidents — regardless of who is to blame for the accident.
A -
error
B -
fault
C -
circumstance
D -
run
8-
An insurance policy ......... is coverage that is continued past the specified, original term dates.
A -
renewal
B -
sign
C -
exam
D -
rental
9-
A......... option is alternative method of payment, other than a lump sum payment, that a beneficiary can choose when a pay-out is underway.
A -
state
B -
provincial
C -
settlement
D -
choice
10-
Workers' ......... insurance is a policy that is taken out by companies in the event employees are injured or killed at work.