Insurance

Insurance

Assessment

Flashcard

Life Skills

9th - 12th Grade

Hard

Created by

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26 questions

Show all answers

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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