Life insurance Health insurance
Insurance policy
- Contract between the insurer and the insured
Beneficiary
- People to benefit from the insurance
Coverage
- The amount (sum insured) that you will be leaving to your beneficiary
Premium
- The amount you pay the insurance company every year.
Rider
- Add-ons to the typical death benefit that life insurances provide.
References
Ready2Adult PH. (2020, October 4). LIFE INSURANCE FOR BEGINNERS | INSURANCE 101 PHILIPPINES | What you need to know. https://www.youtube.com/watch?v=kWBS4WKa7yA&list=PLX5F5fa6EHdq0fCY9ehomzPNaUoYekLkP&index=2