Match the Term with Its Definition

question 40

Essay

Match the term with its definition.Some terms may not be used.
a.Actual cash value
b.Aggregate stop loss limit
c.Direct loss
d.Disability buyout insurance
e.Disability insurance
f.Indirect loss
g.Loss avoidance
h.Loss prevention
i.Loss reduction
j.Replacement value of property
k.Specific stop loss limit
-A firm's per-employee limit on self-funding for medical claims

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Definitions:

Surrounding Situation

The environmental and contextual factors that are currently present around an individual and can influence their behavior or actions.

Social Security

A government program designed to provide financial assistance and support to people with insufficient or no income, especially the elderly, disabled, and unemployed.

Retirement Finances

Financial planning and management concerning the period of life when one is no longer working, focusing on income sources, savings, and investment strategies.

Collectivism

A cultural system that values the needs of the group more than those of the individual self.