Insurance

Insurance

Assessment

Flashcard

•

Life Skills

•

9th - 12th Grade

•

Practice Problem

•

Hard

Created by

Wayground Content

FREE Resource

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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

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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

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Back

Life insurance

3.

FLASHCARD QUESTION

Front

Who regulates insurance companies?

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Back

Insurance companies are regulated on a state-by-state basis

4.

FLASHCARD QUESTION

Front

What role does insurance play in financial planning?

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Back

It guarantees that income and assets are protected

5.

FLASHCARD QUESTION

Front

This professional calculates risks and premiums using statistics.

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Back

Actuary

6.

FLASHCARD QUESTION

Front

Your out-of-pocket cost from the insurance company is called...

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Back

Deductible

7.

FLASHCARD QUESTION

Front

A stone hits your windshield. Which type of coverage would likely cover this expense?

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Back

Comprehensive

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