 An insurance agent is a professional who helps individuals and businesses find insurance policies that

best fit their needs. They assess their clients’ requirements, provide information about different
insurance options, and assist in choosing the right coverage. Essentially, they act as intermediaries
between the insurance companies and the clients, ensuring that the clients get the best possible
protection for their circumstances.
 An asset is anything of value that you own. It can be something physical like a house or car, or
something intangible like a stock or a patent. Assets are important because they can help you generate
income, save money, or provide financial security. In simple terms, if it’s something that adds to your
wealth or can be sold for money, it’s an asset.
 “Insured” or “policyholder” refers to the person or entity that has purchased an insurance policy. This
individual or organization pays premiums to an insurance company in exchange for coverage against
specific risks. If something happens that’s covered by the policy, the insured can file a claim to receive
compensation or services from the insurance company. Essentially, the insured is the one protected by
the insurance policy.
 A beneficiary is a person or entity designated to receive benefits, such as money or property, from a
financial account, insurance policy, will, or trust. If the policyholder or account owner passes away or a
specific event occurs, the beneficiary gets the payout or inheritance specified in the agreement.
Essentially, the beneficiary is the one who benefits from the arrangement.
 A claim is a request made by the insured (or policyholder) to their insurance company for payment or
compensation under the terms of their insurance policy. If something happens that is covered by the
policy, such as an accident or loss, the insured submits a claim to receive the financial support or
reimbursement they are entitled to. Essentially, a claim is how you ask your insurance company to pay
for a covered expense.
 A claimant is the person or party who files a claim with an insurance company, seeking payment or
compensation for a loss or event covered by the insurance policy. Essentially, the claimant is the one
asking for the insurance benefits.
 In insurance, “comprehensive” refers to a type of coverage that protects against a wide range of risks
and damages, excluding only those specifically listed as exclusions. For example, comprehensive car
insurance covers damage to your vehicle from events like theft, vandalism, natural disasters, and
accidents that don’t involve collisions with other vehicles. Essentially, it offers extensive protection
beyond basic coverage.
 A contingent beneficiary is a person or entity designated to receive benefits from an insurance policy,
retirement account, or will if the primary beneficiary is unable to receive them, usually because they
have passed away or cannot be located. Essentially, the contingent beneficiary is the backup recipient
of the benefits.
 Coverage refers to the protection provided by an insurance policy against specific risks or losses. It
outlines what events or damages the insurance company will pay for and the extent of that payment.
For example, health insurance coverage might include medical expenses like doctor visits and hospital
stays, while car insurance coverage might include repairs for accidents and damage. Essentially,
coverage is what your insurance will pay for.
 Damage refers to harm or injury that reduces the value, usefulness, or normal function of something. In
the context of insurance, it typically means physical harm to property, such as a car, house, or personal
belongings, resulting from events like accidents, natural disasters, or vandalism. When damage occurs,
it may be covered by an insurance policy, allowing the owner to file a claim for repair or replacement
costs.
 “Damages” in a legal or insurance context refer to the monetary compensation awarded to a party who
has suffered loss or harm due to the actions of another party. These losses can be financial, physical, or
emotional, and damages are intended to restore the injured party to the position they were in before
the harm occurred as much as possible. Examples include medical expenses, property repair costs, lost
income, and pain and suffering.
 A declarations page, also known as a dec page, is a document provided by an insurance company that
summarizes the key details of an insurance policy. It typically includes information such as the
policyholder’s name and address, the policy number, coverage limits, deductibles, premiums, policy
effective dates, and any additional insured parties or endorsements. Essentially, it’s a snapshot of the
important terms and conditions of your insurance policy.
 An endorsement, in insurance terms, refers to a modification or addition to an insurance policy that
alters its terms or coverage. It can be used to add coverage, change policy limits, add or remove
insured parties, or clarify specific details of the policy. Endorsements are typically written documents
that become part of the insurance policy and can be issued at the start of the policy or during its term.
Essentially, an endorsement is a change or adjustment made to an existing insurance policy.
 An estimate is an approximate calculation or assessment of the likely cost, value, amount, or extent of
something. In various contexts, such as insurance, repairs, or projects, an estimate is used to provide a
rough idea or prediction of what to expect. It’s not a precise figure but rather an educated guess based
on available information.
 The face amount refers to the initial or stated value of an insurance policy or financial instrument. For
example, in life insurance, the face amount is the amount of money that will be paid out to the
beneficiary upon the death of the insured. In bonds, the face amount is the principal amount that will
be repaid to the bondholder at maturity. Essentially, it’s the nominal value specified in the document.
 The insured is the person or entity covered by an insurance policy. This means they are protected
against certain risks or events as outlined in the policy. If a covered event occurs, the insured can make
a claim to receive compensation or benefits from the insurance company.
 The insured is the person or entity covered by an insurance policy. This means they are protected
against certain risks or events as outlined in the policy. If a covered event occurs, the insured can make
a claim to receive compensation or benefits from the insurance company.
 An insurer is an insurance company that provides insurance coverage to individuals or entities in
exchange for premiums. Insurers assess risks, set premiums, and issue policies that outline the terms
and conditions of coverage. They also handle claims and provide financial compensation or benefits to
policyholders when covered events occur.
 “Life assured” refers to the person whose life is insured under a life insurance policy. In the event of the
life assured’s death during the policy term, the insurance company pays out a death benefit to the
designated beneficiary. The life assured is typically the person whose life and potential loss create the
basis for the insurance coverage.
 “Limited pay” refers to a type of insurance policy where premiums are paid only for a specified limited
period, after which the coverage continues without the need for further premium payments. This
means that the policyholder pays premiums for a set number of years or until a certain age, and then
the policy remains in force without additional payments. Limited pay policies are often used in life
insurance and allow for a structured payment plan.
 “Limits” in insurance refer to the maximum amount of coverage or financial protection provided by an
insurance policy for a specific type of loss or event. These limits can apply to various aspects of
insurance, such as liability coverage, property damage, medical expenses, or other types of risks.
 A “loss” in insurance refers to the reduction in value or financial harm that occurs due to a covered
event or peril. This can include damage to property, injury, liability claims, or other situations that lead
to financial expenses or lost assets. When a loss occurs, the insured party may file a claim with their
insurance company to receive compensation or coverage for the incurred loss, up to the limits specified
in the policy.
 Maturity benefit refers to the amount of money that is paid out to the policyholder if they survive the
entire term of the insurance policy. In other words, if the insured person outlives the policy term, they
are entitled to receive the maturity benefit from the insurance company. This benefit is usually paid in a
lump sum and can be used for various purposes such as retirement planning, paying off debts, or any
other financial needs.
 Medical payments, often referred to as MedPay, are a type of coverage in auto insurance policies that
pays for medical expenses resulting from injuries sustained in a covered accident, regardless of fault.
This coverage typically includes expenses such as hospital bills, doctor’s fees, surgery costs,
ambulance fees, and sometimes even funeral expenses. Medical payments coverage is designed to
provide immediate financial assistance for necessary medical treatment following a car accident,
helping to cover costs that may not be fully covered by health insurance.
 A nominee is a person or entity designated by the policyholder or account holder to receive benefits,
assets, or rights in the event of the policyholder’s death or incapacitation. In insurance, the nominee is
typically the person who will receive the insurance proceeds or benefits upon the death of the insured
person. Nominees are appointed by the policyholder during the application process and can be
changed if needed.
 “Payment term” or “payment mode” refers to the schedule or frequency at which insurance premiums
or other financial obligations are paid. For example, in an insurance policy, the payment term could be
monthly, quarterly, semi-annually, or annually, indicating how often the policyholder needs to pay
premiums. Similarly, in other financial contexts, the payment term or mode specifies the intervals at
which payments are made, such as monthly installments, lump-sum payments, or other agreed-upon
schedules.
 The policyholder is the person or entity that owns an insurance policy. They are responsible for paying
premiums to the insurance company in exchange for coverage and benefits outlined in the policy. The
policyholder has the right to make changes to the policy, such as adding or removing coverage,
 updating beneficiary information, or modifying payment terms. Additionally, in the case of life
insurance, the policyholder is often the insured person, but this is not always the case.
 A policy jacket is a document that contains all the terms, conditions, coverage details, exclusions, and
endorsements associated with an insurance policy. It serves as a comprehensive reference for both the
insurance company and the policyholder, outlining the rights, responsibilities, and limitations of the
insurance coverage. The policy jacket typically includes the policy declarations, policy form,
endorsements, and any other relevant documents related to the insurance contract.
 The policy term refers to the duration for which an insurance policy is in effect. It specifies the start
date and end date of the coverage period. During the policy term, the insurance company provides
coverage as outlined in the policy, and the policyholder pays premiums according to the agreed-upon
payment schedule. Once the policy term expires, the coverage ceases unless the policy is renewed or
extended. Policy terms can vary widely depending on the type of insurance and the terms agreed upon
between the insurer and the policyholder.
 Premiums are the payments that a policyholder makes to an insurance company in exchange for
insurance coverage. These payments are typically made on a regular basis, such as monthly, quarterly,
semi-annually, or annually, depending on the terms of the insurance policy. The amount of the
premium is determined by various factors, including the type and amount of coverage, the risk profile
of the insured person or property, the deductible amount, and other relevant factors. It’s essentially the
cost of having insurance coverage.
 The primary beneficiary is the person or entity designated to receive the benefits from an insurance
policy, retirement account, or other financial instrument upon the death of the policyholder or account
holder. They have the first claim to the proceeds or benefits and will receive them if they are still alive
at the time of the insured person’s death. If the primary beneficiary is unable to receive the benefits for
any reason, such as predeceasing the policyholder, the benefits may pass to the contingent beneficiary
or as per the policy’s terms.
 A quote, in the context of insurance or financial services, refers to an estimate or offer provided by an
insurance company, financial institution, or service provider. It outlines the terms, coverage options,
premiums, and other relevant details related to the product or service being offered. Quotes are
typically provided based on the information provided by the customer and are subject to verification
and approval. They serve as a preliminary assessment of the costs and benefits associated with the
product or service before a purchase or agreement is made.
 The insured is the person or entity who benefits from the insurance coverage provided by the insurance
policy they’ve purchased.
 The life assured is the individual whose life is insured under a life insurance policy, and the policy’s
benefits are paid out based on the terms and conditions of the policy upon the life assured’s death.
 Limited pay policies allow policyholders to pay premiums for a fixed period, providing the convenience
of knowing when premium payments will end while ensuring continued coverage for the policy’s
duration.
 Maturity benefit is the guaranteed amount paid out upon the completion of the term or maturity date
of an insurance policy or investment, providing a financial reward for maintaining the policy or
investment until the end of its specified period.
 MedPay is designed to provide quick and straightforward coverage for medical expenses resulting from
auto accidents, offering peace of mind and financial protection for the policyholder and their
passengers.
 Policy jacket serves as a comprehensive reference document that provides a detailed understanding of
the insurance policy’s coverage, limitations, and terms, helping both the policyholder and the
insurance company understand their rights and obligations under the policy.
 Premiums are the payments made by policyholders to insurance companies to obtain and maintain
insurance coverage, providing financial protection against specified risks or events.
 The primary beneficiary is the first in line to receive the benefits from an insurance policy or financial
account upon the death of the insured person or account holder, providing a clear direction for the
distribution of benefits according to the policyholder’s wishes.

 Hey everyone! Today, I’m going to explain investing using a K-drama analogy. Yes, you
heard that right—K-dramas! Specifically, we’re diving into “Start-Up.”
 You must be curious now, asking questions like, 'Huh, what's the connection between
investing and K-dramas?' Well, you'll know it as you go over this presentation. Now,
whether you're a K-drama fan or not, I suggest you watch 'Start-Up' because it's full of
lessons, especially for someone like us business administration students.
 At first, it might seem dry or complicated, but let’s break it down. Just like a Kdrama,
investing has its own story to tell. The stock market is like the main plot, full of ups
and downs, unexpected events, and dramatic moments. Each company you invest in
is like a character, with its own strengths, weaknesses, and potential for growth.
 The key to enjoying both a Kdrama and investing is patience and understanding. You
don’t judge a drama by a single episode, and you shouldn’t judge an investment by
short-term fluctuations. It’s about seeing the bigger picture, understanding the story
arc, and staying engaged through the entire series.
 So, the next time you sit down to watch a Kdrama, think about how each plot twist
and character development mirrors the world of investing. It’s a journey, full of
learning and excitement, with the promise of a rewarding payoff if you stick with it.
 Just like waiting for the next episode drop, waiting for your investments to grow
requires patience, but the satisfaction of seeing the story unfold makes it all worth it.
 Imagine investing as a plotline in your favorite K-drama. It's full of twists, turns, and
dramatic moments. Think of yourself as the main character—just like Dal-mi in 'Start-
Up.' Your goal? To build wealth and achieve financial freedom.

 Next up, index funds. Index funds are your dependable, ever-supportive characters—
like Dosan. They spread your investment across many companies, reducing risk. It’s
like having a whole team of Dosans ensuring your investment is stable and steady.
 Then we have ETFs, or exchange-traded funds. Think of them as Ji-pyeong, the ‘Good
Boy’ with all the smart moves. ETFs are similar to index funds but can be traded like
stocks. They give you flexibility and the smarts to navigate the market easily.
 And finally, options. These are the wild card, like Dal-mi’s bold, risky ideas—exciting
but unpredictable. Options give you the right, but not the obligation, to buy or sell a
stock at a specific price before a certain date. It’s high-stakes drama at its finest.
 So, whether you’re betting on a start-up like Dal-mi, relying on the steady Dosan,
using Ji-pyeong’s smart strategies, or taking big risks like Dal-mi, there’s an
investment style for everyone.
 If you haven't watched "Start-Up" yet and you're a BS Business Administration
student, I highly recommend it! Here's why: "Start-Up" is a South Korean drama that
offers a fascinating look into the world of start-ups, entrepreneurship, and the
challenges of building a business from the ground up. The show provides valuable
lessons on innovation, resilience, leadership, and teamwork, all of which are crucial
skills for anyone pursuing a career in business administration. Through engaging
characters and compelling storylines, "Start-Up" illustrates the real-life struggles and
 triumphs of aspiring entrepreneurs. Watching it can inspire you, provide practical
insights, and even give you a new perspective on your studies and future career. Plus,
it's an entertaining way to learn about business concepts outside of the classroom!
 As business administration students, we constantly explore the world of investments,
seeking ways to grow wealth and achieve financial independence. If you haven’t
watched the Korean drama “Start-Up,” I highly recommend it, not just for its
entertainment value but for the profound lessons it offers on investing.
 “Start-Up” dives deep into the entrepreneurial ecosystem, portraying the journey of
aspiring entrepreneurs as they navigate the challenges of launching and scaling a
business. But more than just a tale of start-ups, it’s a rich narrative on the
fundamentals of investing.
 One of the key takeaways from “Start-Up” is the importance of vision and belief. Just
like a promising start-up, investing requires a clear vision and belief in the potential of
your investment. The show illustrates how early-stage investors, or venture
capitalists, assess start-ups, emphasizing the significance of a solid business plan,
market potential, and the capability of the founding team. Watching how investors
make their decisions can provide valuable insights into how we should approach our
own investment choices.
 Moreover, “Start-Up” highlights the concept of risk and reward. Investing in start-ups
is inherently risky, with no guarantee of success. Yet, those willing to take calculated
risks are often the ones who achieve substantial returns. This is a crucial lesson for us
as we learn to balance our investment portfolios, understanding that higher risks can
lead to higher rewards, but also being mindful of potential losses.
 The drama also showcases the importance of patience and long-term thinking. Just as
start-ups take time to grow and become profitable, successful investments often
require a long-term perspective. Instant gratification is rare in the investment world,
and “Start-Up” reinforces the idea that patience and perseverance are key to
achieving financial success.
 Finally, “Start-Up” provides a human element to investing. It’s not just about numbers
and financial projections; it’s about people, their dreams, and their determination.
Investing in people and their ideas is as crucial as investing in companies.
Understanding the motivations and capabilities of those behind a business can lead to
better investment decisions
 So, if you’re looking for a blend of entertainment and education, “Start-Up” is the
perfect watch. It offers a captivating narrative while imparting essential lessons on
investing, entrepreneurship, and the journey to financial success. Trust me, this series
will give you a deeper appreciation of the investment world and inspire you to think
more strategically about your future endeavors.
 Using Kdrama to explain investing to beginners is effective because:
 Relatability: Many people enjoy watching Kdramas and are familiar with their
structure, characters, and storylines. This familiarity makes it easier for them to grasp
new concepts.
 Engagement: Kdramas are entertaining and engaging, which can capture the
attention of beginners and make the learning process more enjoyable.
 Simplification: Complex investing concepts can be simplified by drawing parallels with
the plot twists, character development, and emotional journeys found in Kdramas.
 Retention: People are more likely to remember concepts explained through stories or
analogies, especially when they are linked to something they already enjoy and
understand.