Real Life: Insurance Terms (2)

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.
broker
agent
beneficiary
bond

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.
un
co
pre
post

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.
orders
statements
quotes
benefits

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.
deductible
association
surcharge
fee

If a person fails to pay their insurance premiums on time, his/her account will fall into a ......... state.
delinquent
rate
condition
total

When people enter into a ......... insurance policy, they do this so their families are taken care of and compensated should the insured parties die.
death
life
demise
dying

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.
error
fault
circumstance
run

An insurance policy ......... is coverage that is continued past the specified, original term dates.
renewal
sign
exam
rental

A ......... option is alternative method of payment, other than a lump sum payment, that a beneficiary can choose when a pay-out is underway.
state
provincial
settlement
choice

Workers' ......... insurance is a policy that is taken out by companies in the event employees are injured or killed at work.
compensation
job
employers
requirement