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Glossary

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

Insurance, Liability: Protects the insured party from others' claims of loss due to the insured's alleged or actual negligence or improper actions.

Insurance, Life: Protects dependents from loss of income, debt-repayment, and other expenses after the death of the insured party.

Insurance, Life: A type of insurance that protects dependents from loss of income, debt-repayment, and other expenses after the death of the insured party.

Insurance, Life: A type of insurance that protects dependents from loss of income, debt-repayment, and other expenses after the death of the insured party.

Insurance, Long Term Care (LTCi): An insurance policy that provides benefits for the chronically ill or disabled over a long period of time. Covers specific costs of custodial care in a nursing facility or at home.

Insurance, Long Term Care (LTCi): An insurance policy that provides benefits for the chronically ill or disabled over a long period of time. Covers specific costs of custodial care in a nursing facility or at home.

Insurance, Long-term care: Covers specific costs of custodial care in a nursing facility or at home.

Insurance, Property: A type of insurance that covers damage to property, such as a home. Specific types of property insurance can cover damage from fire, flood, and earthquakes, among other risks.

Insurance, Property: A type of insurance that covers damage to property, such as a home. Specific types of property insurance can cover damage from fire, flood, and earthquakes, among other risks.

Insurance, Renters: Protects from losses due to damage to the contents of a dwelling rather than the dwelling itself.

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