PFL: Budgeting & Consumer Protection

Regulates sale & safety of alcohol, tobacco & firearms

When you buy insurance, you are mostly paying for security & peace of mind

Payment to others if the insured person accidentally causes harm to other people or property

Payment to insured person if his/her property is damaged or destroyed by an accident

Monitors TV and radio

number that lets banks know how trustworthy you are for a loan

costs in a budget that change month to month

Provides money to pay for medical care

Payment to beneficiaries (spouse, children) if an insured person dies

How many months of expenses should be in your emergency fund?

Paperwork submitted to insurance organization describing the accident, illness or injury

Insurance shifts the risk of a big loss from the insurance company to the individual

If a person drives an automobile, automobile liability insurance is required by law

Prevents businesses from limiting competition and/or engaging in unfair business practices

income after taxes & deductions have been taken

Amount of money paid out of pocket by policyholder before the insurance coverage begins

Regulates food, drugs & cosmetics

Money paid to purchase an insurance policy

there are not enough resources for everyone all the time

Payment to replace earnings during times when workers cannot work due to illness or injury

driving force behind economics

plan for saving, investing & spending your income