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Everfi Module 7- Insurance and Taxes $5.49   Add to cart

Exam (elaborations)

Everfi Module 7- Insurance and Taxes

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Everfi Module 7- Insurance and Taxes Insurance Coverage by contract against future possible accidents Auto Insurance Protects you & other drivers on the road. Most states require this form of insurance Renters/Homeowners Insurance Can protect you from paying damages in case of fire, etc. H...

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  • April 13, 2024
  • 3
  • 2023/2024
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Everfi Module 7- Insurance and Taxes

Insurance

Coverage by contract against future possible accidents

Auto Insurance

Protects you & other drivers on the road. Most states require this form of insurance

Renters/Homeowners Insurance

Can protect you from paying damages in case of fire, etc.

Health Insurance

Helps cover medical expenses like doctor visits, prescriptions, trips to the emergency room, or stays in
the hospital

Disability Insurance

Helps cover lost income when illness/injury prevents you from working

Life Insurance

Ensures that your beneficiary will be protected if you die

Coverage

Amount of protection you're eligible to receive from your insurance plan

Premium

The amount you pay to the insurance company for coverage

Claim

The request for payment submitted to your insurance company

Deductible

The amount you must pay out-of-pocket to your claim before insurance kicks in

Co-Pay

A fixed fee you pay for specific medical service (e.g. doctor visit)

Income Tax

Deducted from your paycheck and paid to the state and federal governments. (Some states don't collect
this tax)

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