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- 1. Multiple Choice
______________ insurance provides financial protection against overwhelming medical expenses
Health
Car
Comprehensive
Medical
- 2. Multiple Choice
___________ ______________offers health care coverage where the health care provider is paid a predetermined dollar amount for the service given
term life
whole life
cash value
traditional plan
- 3. Multiple Choice
__________ ___________ __________ is a group of selected health care providers who offer comprehensive services at preset reimbursement levels
health maintenance organization
co-payment
preferred provider organization
co-insurance
- 4. Multiple Choice
_____________ ___________ __________ is a prepaid health plan in which care providers contract with (or are) employees of the org. to provide you with services
preferred provider organization
health maintenance organization
life insurance
non-life insurance
- 5. Multiple Choice
A(n) _________ is the amount of money you must pay each year before your insurance company starts paying
life
beneficiary
deductible
health
- 6. Multiple Choice
_______________ requires you to pay either a set amount or a certain percent of medical expenses
co-insurance
co-payment
life term
term life
- 7. Multiple Choice
A(n) ____________ is a predetermined flat fee you pay for health care services
co-insurance
whole life
co-payment
term
- 8. Multiple Choice
__________ insurance is financial protection for a family in case the main source of income dies
life
term
medical
health
- 9. Multiple Choice
_______ ________ insurance is for a specified term, such as 5 years, or to a specified age
universal life
term life
cash value
whole life
- 10. Multiple Choice
The __________ is the person who receives money from a life insurance policy if the insured dies
beneficiary
life
deductible
health
- 11. Multiple Choice
_______ _________ insurance also known as permanent life insurance, offers financial protection for your entire life
term life
whole life
universal life
life
- 12. Multiple Choice
_______ _______ is the amount of money you will receive if you cancel your whole life insurance policy
deductible
medical
term life
cash value
- 13. Multiple Choice
________ ___________ __________ is a whole life insurance policy that is paid up after a specified number of years, or until the insured reaches a certain age, but offers lifetime protection
health maintenance organization
preferred provider organization
limited payment policy
cash value
- 14. Multiple Choice
_________ _________ insurance is a combination of a life insurance policy & a savings acct; it covers the insured for his or her lifetime and any amt the insured pays over the minimum premium goes into an investment acct that earns interest
traditional plan
whole life
term life
universal life
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