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- 1. Multiple ChoiceThe amount paid for insurance is theclosing costpremiumdeductibleassessed value
- 2. Multiple Choice
Bodily injury covers your liability for injury toyourselfpropertyothersother cars - 3. Multiple ChoiceInsurance that protects your family against financial loss due to your death iscoinsurancedisability insurancelife insurancecomprehensive insurance
- 4. Multiple ChoiceThe type of insurance that provides protection against financial loss from medical bills is calledhealth insurancecoinsurancelife insurancepremium
- 5. Multiple ChoiceThe person named in a life insurance policy to receive the death benefit is called thepolicy holderbeneficiaryrecipientinsurance agent
- 6. Multiple ChoiceThe type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is calledterm life insurancebodily insurancecomprehensivecollision
- 7. Multiple ChoiceThis term pays for protection against loss of life, property, and finances.collisionpremiuminsurancedeductible
- 8. Multiple ChoiceThis type of insurance pays the fees of other doctors who see you in or out of the hospital.hospitalization insurancedisability insurancemedical insurancelife insurance
- 9. Multiple ChoiceThis type of insurance pays the expenses of a hospital stay.medicalsurgicalhospitalizationhealth
- 10. Multiple Choice
Which types of insurance are most appropriate for a single, working, 24-year-old? (hint: choose 3 correct answers)
Health insurance
Disability insurance
Life insurance
Auto insurance
- 11. Multiple Choice
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
- 12. Multiple Choice
The out of pocket cost to the insured when a loss occurs is called...
Premium
Deductible
- 13. Multiple Choice
A policy is a contract between the
Policyholder and the injured person
Driver and the government
Consumer and the insurance company
Consumer and the insurance agent
- 14. Multiple ChoiceAn unexpected death of a family member occurs and results in funeral expensesLong-term care InsuranceDisability InsuranceLife InsuranceLiability Insurance
- 15. Multiple ChoiceYour house is destroyed by a tornado and you need to rebuild it.Homeowners InsuranceRenters InsuranceLife InsuranceLiability Insurance
- 16. Multiple ChoiceFood poisoning sends you and your family to the emergency room.Liability InsuranceDisability InsuranceLife InsuranceHealth Insurance
- Answer choicesTagsAnswer choicesTags