Instructions: Identify the Following Terms

question 46

Short Answer

Instructions: Identify the following terms.
the war on terrorism and the Department of Homeland Security

Determine loan values from life insurance policies and understand the policy's cash value's role in securing loans.

Calculate the total cost of ownership of insurance policies, including premiums paid and potential loans against policies.

Understand and compute the financial responsibilities and benefits of enrollees in health plans, including premiums, deductibles, and co-payments.

Assess how changes in insurance coverage (e.g., removing dependents) impact overall premium costs.

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Definitions:

Face Value

Refers to the nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing its legal value.

Bond

An interest-bearing security that obligates the issuer to pay the bondholder a specified sum of money, generally at fixed intervals, and to repay the principal at maturity.

Maturity Date

The due date on which a loan or bond must be completely paid off, including principal and interest.

Interest Earned

The amount of income generated from an investment or the amount of interest accumulated on a financial asset over a period of time.