Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.1<br />
Health Insurance <strong>and</strong> Financial Planning<br />
Hospital Indemnity Policies<br />
A hospital indemnity policy pays benefits when<br />
you are hospitalized. Under these policies, you<br />
are paid in cash, which you can spend on<br />
medical or nonmedical expenses as you<br />
choose.<br />
The average person who buys such a policy<br />
usually pays much more in premiums than he or<br />
she receives in payments.<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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