Choose the best word or phrase to complete each sentence.
***Insurance is a financial service that offers a kind of ***protection in the event of unforeseen damage, injury,
or loss.

A ***premium is the cost of a type of insurance that is paid at regular interval.

A ***copayment is money a consumer must pay to share the costs of a payout.

In a monetary sector, capital markets refer to the services offered by banks and banking institutions.

Financial services refer to mobilizing financial funds. As a consequence, it encompasses all operations related to the conversion of resources into assets.

Insurance is a financial service that offers a kind of protection in the event of unforeseen damage, injury, or loss.

Insurance is an agreement in which an employer pays protection or compensation from an insurance firm in the form of a policy. The firm pooled the risks of its clients to make payments more reasonable to the protected.  

A premium is the cost of a type of insurance that is paid at a regular interval.

The term "premium" refers to a compensation or the sum of funds a person pays for protection. The term "premium" refers to anything or someone of higher or better tasting.  

A copayment is a money a consumer must pay to share the costs of a payout.

A copayment, sometimes known as a copay, is a fixed sum paid by a customer to the network operator before receiving the results. It can be specified in an insurance policy and paid by the insured every time a medical service is used.

To know more about the different financial services, refer to the link below:

link

The correct answer to this open question is the following.

Insurance is a financial service that offers a kind of protection in the event of unforeseen damage, injury, or loss.

A premium is the cost of a type of insurance that is paid at a regular interval.

A copayment is a money a consumer must pay to share the costs of a payout.

When we talk about financial services, insurance helps people to share liability with the insurance company. That is why the client buys insurance, to diminish or mitigate the risk in the case of an event. For that to happen, the client has to pay for the premium, that is the kind if the insurance that is going to protect the client and be valid in the case of an event. When the client uses the insurance, it has to make a copayment that shares the costs of the payout.