Insurance ngpf - Study guides, Class notes & Summaries

NGPF-Insurance Questions and Answers 100% Solved risk ️️the degree of uncertainty regarding the outcome of a decision purpose of insurance ️️transfer risk insurance premium ️️amount paid on an insurance policy per a given time period actuary ️️an insurance analyst and statistician health insurance ️️Insurance that covers medical illness or injury. auto insurance ️️Insurance to protect a car owner in the event of an accident or damage to a vehicle. life insuranc...

Insurance – NGPF Questions and Answers 100% Solved Actuary ️️A person who compiles and analyzes statistics to calculate risk and determine insurance rates and premiums CHIP ️️Children's Health Insurance Program. A program that provides low-cost health coverage to children in families who earn too much money to qualify for Medicaid Claim ️️A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy Collision...

NGPF – Insurance Questions and Answers 100% Solved Claim ️️A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy Collision Coverage ️️Auto insurance that protects you against costs to repair your own vehicle after a crash Comprehensive Coverage ️️Auto insurance that protects you against costs to repair or replace your vehicle after events out of your control such as weather, vandalism, theft, etc. Copa...

Insurance - NGPF Risk - answerA situation involving exposure to danger, harm, or loss. Insurance - answerA means of guaranteeing protection or safety. Risk Pooling - answerThe spreading of financial risk evenly among a large number of contributors to the program. Insurance Policy - answerA contract in which an individual or entity receives financial protection or reimbursement against losses. Premium - answerThe specified amount of payment required periodically by an insurer to provide c...

Paying for College-NGPF Questions and Answers 100% Solved Capitalized Interest ️️Unpaid interest that has been added to the principal balance of a federal student loan Cosigner ️️Someone who legally agrees to take responsibility for a person's debt if they cannot repay it Cost of Attendance ️️Total expense to go to college which may include tuition, room and board, fees, books and supplies, computer costs, transportation to/from home, health insurance, etc. default ️...

Risk Ans: A situation involving exposure to danger, harm, or loss. Insurance Ans: A means of guaranteeing protection or safety. Risk Pooling Ans: The spreading of financial risk evenly among a large number of contributors to the program. Insurance Policy Ans: A contract in which an individual or entity receives financial protection or reimbursement against losses. Premium Ans: The specified amount of payment required periodically by an insurer to provide coverage under a given ins...

Taxes (NGPF) Exam Study Guide. Income Tax - answerTaxes paid by employees to federal and state government. Collected or withheld from one's paycheck. Social Security - answerA program that provides monthly benefits to almost 60 million Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals. Medicare - answerA government-run insurance program that provides healthcare assistance to elderly Americans. Real Estate Tax - answerA tax...

NGPF-Checking Exam Study Guide. Checking account - answerA bank account from which payments can be ordered by a depositor Ways to get money out of a checking account - answerwrite checks debit cards ATM withdraw from a bank branch online bill pay transfer fund electronically debit card - answerA bank card that automatically deducts the amount of a purchase from the checking account of the cardholder Automatic Teller Machine (ATM) - answerA computer terminal used to conduct banking tr...

Comprehensive Coverage - Answer Protects you against costs to repair or replace your vehicle after events out of your control (weather, vandalism, theft, etc.) Personal Injury Protection (PIP) - Answer Protects you against cost of your medical bills if you are involved in a car accident. Uninsured/Underinsured Coverage - Answer Protects you against another driver not having enough coverage to pay the entirety of your costs.