Glossary

Glossary definitions provided in part by the Jump$tart Coalition for Personal Financial Literacy.

Insurance, Health: Covers specific medical costs associated with illness, injury, and disability.

Insurance, Health: A type of insurance that covers specific medical costs associated with illness, injury, and disability.

Insurance, Health: A type of insurance that covers specific medical costs associated with illness, injury, and disability.

Insurance, Homeowners: A type of insurance that provides property damage and liability coverage under specific circumstances.

Insurance, Homeowners: A type of insurance that provides property damage and liability coverage under specific circumstances.

Insurance, Homeowners: Provides property damage and liability coverage under specific circumstances.

Insurance, Level-Term Premium: A type of insurance that is guaranteed to be the same for a given period of years. The most common terms are 10, 15, 20, and 30 years. In this form, the premium paid each year remains the same for the duration of the contract.

Insurance, Level-Term Premium: A type of insurance that is guaranteed to be the same for a given period of years. The most common terms are 10, 15, 20, and 30 years. In this form, the premium paid each year remains the same for the duration of the contract.

Insurance, Liability: A type of insurance that protects the insured party from others' claims of loss due to the insured's alleged or actual negligence or improper actions.

Insurance, Liability: A type of insurance that protects the insured party from others' claims of loss due to the insured's alleged or actual negligence or improper actions.

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