Insurance
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Hard
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26 questions
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1.
FLASHCARD QUESTION
Front
Which action is least likely to lower your car insurance costs? Options: Increase your deductible, Install safety features in your vehicle, Pay your premium in full upfront, File frequent small claims
Back
File frequent small claims
2.
FLASHCARD QUESTION
Front
For a young, single professional, which type of insurance might be considered the least essential? Health insurance, Disability insurance, Life insurance, Renter's insurance
Back
Life insurance
3.
FLASHCARD QUESTION
Front
Who regulates insurance companies?
Back
Insurance companies are regulated on a state-by-state basis
4.
FLASHCARD QUESTION
Front
What role does insurance play in financial planning?
Back
It guarantees that income and assets are protected
5.
FLASHCARD QUESTION
Front
This professional calculates risks and premiums using statistics.
Back
Actuary
6.
FLASHCARD QUESTION
Front
Your out-of-pocket cost from the insurance company is called...
Back
Deductible
7.
FLASHCARD QUESTION
Front
A stone hits your windshield. Which type of coverage would likely cover this expense?
Back
Comprehensive
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