Question

Choose the best word or phrase to complete each sentence. _______ is a financial service that offers a kind of _______ in the event of unforeseen damage, injury, or loss. _______ is the cost of a type of insurance that is paid at regular intervals. _______ is money a consumer must pay to share the costs of a payout. _______ is the maximum dollar amount that an insurer will pay toward a claim under a policy.

1) Insurance, protection, Premium, Deductible, Coverage
2) Premium, Coverage, Deductible, Insurance, Protection
3) Protection, Insurance, Premium, Coverage, Deductible
4) Coverage, Deductible, Protection, Premium, Insurance

Answer 1

The correct sequence for completing the sentences is 1) Insurance, protection, Premium, Deductible, Coverage. Each term fulfills a specific role in the context of a financial service designed to mitigate financial losses.

Step-by-step explanation:

The best word or phrase to complete each sentence is: Insurance is a financial service that offers a kind of protection in the event of unforeseen damage, injury, or loss. Premium is the cost of a type of insurance that is paid at regular intervals. Deductible is money a consumer must pay to share the costs of a payout. Coverage is the maximum dollar amount that an insurer will pay toward a claim under a policy. Therefore, the correct sequence is 1) Insurance, protection, Premium, Deductible, Coverage.