Deca 82-90

Front

If a driver receives several traffic tickets, the cost of the car insurance will probably

Back

increase.

Front

Money that a person pays to an insurance company for a policy is called a

Back

premium.

Front

Before a person can receive money to cover the damage from a car accident, he must

Back

file a claim with his insurance company.

Front

What is the key word for insurance companies when establishing the cost for a policy?

Back

Risk.

Front

Two types of life insurance policies are

Back

term and whole life (permanent).

Front

When shopping for life insurance, the best strategy is to figure out how much is needed, then get prices from different companies.

Back

figure out how much is needed, then get prices from different companies.

Front

The purpose of life insurance is to

Back

help meet the financial needs of dependents upon a person’s death.

Front

Which of the following financial products has the highest risk? Checking accounts, Certificates of deposit (CDs), Stocks, Savings accounts.

Back

Stocks.

Front

One reason investors purchase stock is to

Back

increase wealth.