Provides payments for both liability and property insurance on a vehicle: automobile insurance. Someone who receives money if an insured person dies: beneficiary. A formal request to an insurance company asking for a payment when the policyholder has an acciden, illness or injury: claim. Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid: . The risks covered and amount of money paid for losses under an insurance policy: coverage. Someone who relies on someone else for income and care: dependent. Provides payment to replace earnings during times when workers cannot work due to illness or injury: disability insurance. Cash set aside that can be used to cover the costs of unexpected expenses: emergency savings. Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages: employee benefits. Provides money to pay for health care for illness, injury, or, in some cases, preventative care: health insurance