Page 91 - Book5E

Dividend: a refund of excess premium paid to the owner of an individual participating life insurance policy.
Group health insurance: health insurance received through an employer; usually the most affordable way to get coverage.
Hard information: the facts, e.g., weight, unit price, miles per gallon, and sodium content.
Homeowners Insurance: provides financial protection against disasters and insures both the home itself and the belongings within it; flood insurance and earthquake damage are not covered by a standard homeowners’ policy.
Impulse buying: reactionary shopping, particularly to counteract feelings of depression and low self-esteem.
Long-term care insurance: covers the costs of serious illness that aren’t paid by regular health insurance or Medicare.
Medicaid: a joint federal-state health insurance program that provides coverage for qualifying low-income individuals.
Medicare: a federal health insurance program providing coverage for Americans over 65 or with certain disabilities.
Needs: the basic needs required to survive.
Net weight: total contents; net weight shown on a label includes food
product and liquid.
Opportunity cost: the value of what you give up doing when you decide to do something else; the difference between the return on one investment and the return on an alternative.
Permanent life: life insurance that is designed to provide lifelong protection with generally level premiums; the three main types are whole, universal, and variable.
Glossary
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