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...
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)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SUPERGRADES01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.49. You're not tied to anything after your purchase.