A consumer information service set up by the government to help people make informed financial decisions.
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Card 17
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A loan taken out to pay for a property, usually over a long term such as 25 years.
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Card 18
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A discount on the insurance premium that builds up for each year that a person does not make a claim.
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Card 19
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A product that enables people to save money for retirement.
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Card 20
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The price of an insurance policy, based on factors including how likely the event is to occur, the amount of money needed to rectify the situation should the event happen, the length of time the policy will be in force and how it is paid.
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Card 21
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Losing a job because the business no longer needs, wants or can afford for that job to be done; it is related to the needs of the business and not how well or badly an individual does their job.
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Card 22
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The maximum amount the insurance provider will pay out.
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Card 23
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Insurance that covers damage that the policyholder causes to someone else or to their property but does not cover the policy holder for any injury or loss that they suffer themselves
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Card 24
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The amount paid on any claim by the policy holder before the insurance company will pay anything. A compulsory excess is usually set by the insurance company but consumers can opt to pay more in order for a lower premium.
