COPYRIGHTED MATERIAL
LET’S PRACTICE
Name: _____________________________________________________________________________
How to Speak Insurance Insurance has a language all its own. To understand the language is to understand many of the concepts underlying the principles of insurance. Being able to “speak a little insurance” is important for financial literacy. Translate the highlighted words please! 1. The insurance agent handed Alan the policy and suggested he “read the Declarations .”
_ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 2. Mallory was concerned that her 25/50/10 coverage left her with too much exposure . _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 3. Andrew’s Summary of Benefits and Coverage confirmed that the company’s managed care plan was an HMO , not a PPO . _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 4. The minute Ann walked into her PCP’s office she was asked for her copay . _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ PRODUCT PREVIEW
THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY 303
Made with FlippingBook - Online catalogs