6 Everfi Future Smart: Your Financial Future Study Guide Rated A+

Copay {Ans: A fee you pay for medical service, each time you visit the doctor's office not covered by insurance. Sometimes called an "Out of pocket" expense.}Premium {Ans: The amount you pay your insurance company for coverage. It is usually paid each month.}Homeowners Insurance {Ans: This pays for damage to your house AND your property}Beneficiary {Ans: People who receive money from your life insurance if you die}Return {Ans: How much money you can earn from an investment}Diversification {Ans: Your portfolio includes a mix of investments of different risk levels}