Financial Literacy Essentials: Insurance, Emergency Savings, and Employment Benefits

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Business - Insurance

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andrsonztdc Created by 10 mon ago

Cards in this deck(38)
What is financial literacy, and why is it important for making financial decisions?
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What is a job, and what does it typically involve?
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What is an occupation, and how does it differ from a job?
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What is human capital, and how can one invest in it?
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Why should you have insurance, and what does it cover?
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What are emergency savings, and how much should be set aside?
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What is insurance, and how does it function?
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What is an insurance policy, and what does it include?
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What is coverage in the context of insurance?
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Who is a policyholder in an insurance agreement?
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What is a premium in the context of insurance?
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What does insurance do for an individual?
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What are the benefits of having insurance?
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What are the different types of insurance available?
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What is a deductible in an insurance policy?
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What is co-insurance, and how does it work?
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What is a claim in the context of insurance?
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What is the typical process of filing an insurance claim?
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What are employee benefits, and what do they typically include?
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What is in-kind income, and how does it differ from cash income?
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What are some examples of government insurance programs?
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What is Medicaid, and who does it serve?
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What is Medicare, and who is eligible for it?
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What is Social Security, and what benefits does it provide?
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What is health insurance, and what does it cover?
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What is long-term care insurance, and what does it cover?
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What is disability insurance, and what does it provide?
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What is credit, and how does it function?
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What are some common sources of credit?
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What are depository institutions, and what services do they provide?
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What is a mortgage, and what is it used for?
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What is closed-end credit, and how does it work?
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What is open-end credit, and how is it different from closed-end credit?
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What is alternative credit, and what are its characteristics?
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How does credit work, and what is the basic principle behind it?
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What is a payday loan, and what are its typical terms?
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What is a title and pawn loan, and how does it work?
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What is a refund anticipation loan, and when is it typically used?
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