1. Miss Smith 7 th Grade Civics *pgs. 522-526

2.  Insurance- system of spreading _____ over large numbers of ______  People pay a _____ amount to the _______ to avoid the risk of a large ____  Premium- small amount paid for __________ against ____  ______ are paid from the _______ fund  Private insurance- __________ insurance that individuals and companies pay to cover _________ losses  Ex: ____ insurance, _____ insurance, property insurance

3.  Provides the policy holder’s family with _____ when they ___  Beneficiary- ______ named in a life insurance policy who receives the money if the _______ ______ dies  Term insurance- ______ you during a ________ time  Whole-life insurance- covers you ___________ your life

4.  Covers policy holders if the are injured in an accident or suffer an _______  __________ insurance pays ____ wages if the policyholder cannot work due to _______ disability  Health insurance covers ________ and/or ________ expenses

5.  Protects ________ property from _____, hurricanes, __________, theft, etc.

6.  ______ insurance- government __________ that protect individuals from future ________  Social Security- system of _______ insurance set up in ____

7.  A __________ of people’s salaries goes into a ____  After workers ______ or if they become _________ and cannot work, they get paid from the ____  If a worker dies before they reach __________ age, their surviving children aged ___ and under and surviving ______ receive their payments

8.  For workers who ____ their ___ for reasons beyond their ________

9.  Helps workers who have ___ _______ injuries or _________  Pays the _______ expenses  Replaces lost ______  Compensates _________ of workers killed on the ___

10.  ________- health insurance program for U.S. citizens ages ___ and _____  Medicaid- health insurance program that provides _____ to help states pay _______ costs of people with ___ _______