Insurance (BL9)

Front

Purchasing insurance is a way to eliminate risk.

Back

False

Front

When purchasing automobile insurance, which factor could impact the cost of your policy? Options: your driving history, crime rates in your neighborhood, how many miles you drive to and from work each day, All of these factors could affect the cost of your policy.

Back

All of these factors could affect the cost of your policy.

Front

Every American has adequate insurance.

Back

False

Front

Property that is not permanently attached, such as cars, furniture, and clothing

Back

personal property

Front

Which type of automobile insurance is the most important (and legally required in most states)? Options: comprehensive, collision, liability, uninsured motorist

Back

liability

Front

Which type of insurance provides income in the event that you are unable to work due to illness or injury?

Back

disability insurance

Front

Who is least likely to need life insurance? Options: 50 year old married person with 5 children, aged between 10 and 25; 30 year old single person with a toddler; 35 year old single person with no children; 45 year old single person with an 18 year old child.

Back

35 year old single person with no children

Front

Even if you have no dependents, what is a reason you may still want to buy life insurance?

Back

To cover the cost of debt you may have when you pass away and to cover the cost of funeral expenses.

Front

Which injury will most likely result in an award of worker's compensation benefits? Options: I get into a car accident on my way to work. I slip and fall in the hallway on the way to the main office and break my ankle. I warm up my lunch in my contraband microwave and burn myself. I get into an argument with a co-worker and get injured in a physical altercation.

Back

I slip and fall in the hallway on the way to the main office and break my ankle.

Front

Long-term care insurance will help cover the cost of which service? Options: nursing home, home health care, assisted living facility, All of these answers are correct.

Back

All of these answers are correct.