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management 5
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COBRA
extension of your health insurance coverage if you leave a job
very expensive
flexible spending account
money taken out of your paycheck, pre tax, that can be used for co pays, deductibles and prescriptions
Types of insurance
term
universal
whole
term insurance
provide a lump sum in the event of death, coverage for a limited number of years
pay specific unchanging premium that provides coverage for a specific number of years
does NOT accumulate cash value
universal insurance
provide permanent insurance coverage with a greater flexibility of premium
more expensive than term and includes a cash value
growth of cash is not fixed becuse no set schedule of payments
whole insurance
most expensive
guranteed death benefits and cash values and fixed annual premiums
cash can be accessed at any time through loans
student loans that cannot be consolidated
private loans
parent PLUS
Author
Anonymous
ID
177588
Card Set
management 5
Description
life insurance
Updated
10/14/2012, 7:45:39 PM
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