Review Unit 6 Concept 3

Front

Which kind of insurance should you have if you live in an apartment? Options: Liability, Renters, Disability, Whole Life

Back

Renters

Front

In certain high-risk areas, homeowners are required to have _________ insurance.

Back

Flood

Front

Which type of life insurance provides coverage for a specified period of time? Options: Whole Life, Universal Life, Term Life, Disability

Back

Term Life

Front

This payment is usually made up front or on the same day medical services are provided and is only a portion of the total cost of services.

Back

copay

Front

The amount of money you pay out-of-pocket before your insurance starts paying is called a _____________.

Back

deductible

Front

The amount of money paid to an insurance company to obtain and keep an insurance policy in effect are called....

Back

premiums

Front

Insurability is whether or not something or someone can (or should) be insured and to what degree.

Back

True

Front

You cannot buy more insurance than what you need.

Back

False

Front

Identify the type of insurance you would buy to BEST protect yourself against the following situation: You pass away due to old age at 93.

Back

Whole Life

Front

Identify the type of insurance you would buy to BEST protect yourself against the following situation: You get into a car accident and your car is totaled.

Back

Automobile