Which type of insurance is likely to be the lowest priority for a single, working, 24-year-old?
Insurance
9th - 12th Grade
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Insurance
Quiz
•
Life Skills
•
9th - 12th Grade
•
Hard
Next Gen Personal Finance undefined
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Health insurance
Disability insurance
Life insurance
Auto insurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The federal agency that oversees insurance companies is
The Federal Trade Commission
The Department of Transportation
The Consumers Union
Insurance companies are regulated on a state-by-state basis
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does insurance play in financial planning?
It guarantees that income and assets are protected
It helps build and maintain one's credit score
It helps cover day-to-day expenses
It grows in value and appreciates over time
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The out of pocket cost to the insured when a loss occurs is called...
Premium
Deductible
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This professional analyzes statistics and uses them to calculate risks and premiums.
Agent
Actuary
Claims Clerk
Underwriter
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A stone hits your windshield. Which type of coverage would likely cover this expense?
Collision
Liability
Comprehensive
None
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each of these factors impacts your insurance premium EXCEPT...
Deductible amount
The vehicle you are insuring
Your credit score
Your income
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