Insurance Essentials and Importance

While paying insurance premiums may feel like you're losing money, in the end it really helps you ___ more of it.

When the consumer is _____ with ___________, the consumer makes different decisions.

The purpose of insurance is to ________ risk.

Without proper insurance, certain losses can ________ you.

Insurance puts an ________ over your life, the hard work that you've done, the money you've saved, and the money that you have to invest.

If you have a full emergency fund, the best way to keep your premiums down is to raise your __________.

Homeowner's insurance should be 'guaranteed ___________ cost' instead of extended replacement cost.

When you are ready to move out of your parents' house, you need to have _______ insurance, which covers the ________ of the renter's apartment in the event of a fire, storm, or theft.

________ liability policies are a good buy once you have some assets.

Increase your __________ and/or coinsurance amount.

Increase your -, but never decrease your maximum pay.

See if an ___, a Health Savings Account, would make sense for your situation.

The HSA is a -_______ savings account for medical expenses that works with a high-deductible insurance policy.

Long-term care insurance is for _______ homes, assisted living facilities or in-home care.

A good long-term care policy will include -__ care.

You should not buy long-term care insurance until age __.

At least __% of people over the age of 65 will require long-term care at some point.

Disability insurance is designed to replace ______ lost due to a short-term or permanent disability.

Try to buy disability insurance that pays if you cannot do the job that you were _______ or educated to do.

That is called ____________ or 'own occ' disability.

Beware of _- policies covering less than five years.

Your coverage should be for __% of your current income.

The ___________ period is the time between the disabling event and when the payments actually begin.

A ______ elimination period will _____ your premium cost.

Don't buy identity theft protection that only provides credit report __________.

Good protection includes ___________ services that assign a _________ to clean up the mess.

Life insurance is to replace lost income due to _____.

____ insurance is for a specified period, is substantially cheaper, is easy to understand, and has no savings plan built into it.

____ _____ insurance is normally for life and is more expensive because it funds a savings plan.

The most common insurance myth is that the need for life insurance is a _________ situation.

If you save, invest, stay out of debt, and have a solid financial plan, you will eventually become -___.

______ life/disability: pays off a borrower's debt if that borrower dies or becomes disabled.

Credit ____ protection: insures your credit card debt (you should avoid owning a credit card, period).

______ and hospital indemnity insurance: insures you against cancer or other medical issues.

Accidental _____: insures you against unexpected accidents that cause your death.

Any insurance with ____ _____, investments or refunds: anything that combines insurance with investments is a bad idea.

Prepaid ______ policies: if invested instead, this money would pay for the burial policy many times over.

________ life insurance: pays off your home mortgage if you die unexpectedly or become disabled.

Any kind of _________ coverage: any extra insurance on top of your existing insurance.