management 5

Card Set Information

Author:
Anonymous
ID:
177588
Filename:
management 5
Updated:
2012-10-14 15:45:39
Tags:
life insurance
Folders:

Description:
life insurance
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  1. COBRA
    extension of your health insurance coverage if you leave a job

    very expensive
  2. flexible spending account
    money taken out of your paycheck, pre tax, that can be used for co pays, deductibles and prescriptions
  3. Types of insurance
    term

    universal

    whole
  4. 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
  5. 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
  6. whole insurance
    most expensive 

    guranteed death benefits and cash values and fixed annual premiums

    cash can be accessed at any time through loans 
  7. student loans that cannot be consolidated
    private loans 

    parent PLUS 

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