Purchasing Health Insurance Should Be Low on Your Financial Priority

question 43

True/False

Purchasing health insurance should be low on your financial priority list.

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Definitions:

Guarantee

A formal promise or assurance, typically in writing, that certain conditions will be fulfilled or a product will meet a specified standard of quality.

Indemnity

A legal agreement to compensate for any losses or damages incurred by another party.

Statute of Frauds

A legal principle that certain types of contracts must be in writing and signed by the party to be charged, in order to be enforceable.

Legal Person

An entity, such as a corporation, recognized by law as having rights and obligations.